Rosenblatt Securities Reaffirms Buy Rating for Cipher Mining (NASDAQ:CIFR)

Cipher Mining (NASDAQ:CIFR)‘s stock had its “buy” rating reaffirmed by analysts at Rosenblatt Securities in a note issued to investors on Thursday,Benzinga reports. They presently have a $24.00 price target on the stock. Rosenblatt Securities’ target price would suggest a potential upside of 74.67% from the stock’s current price.

Several other equities research analysts have also recently issued reports on CIFR. Needham & Company LLC reissued a “buy” rating and set a $22.00 target price on shares of Cipher Mining in a research note on Wednesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cipher Mining in a research note on Monday, December 29th. Zacks Research cut Cipher Mining from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th. HC Wainwright cut their price objective on Cipher Mining to $25.00 and set a “buy” rating for the company in a research report on Wednesday, February 25th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $27.00 price objective on shares of Cipher Mining in a report on Monday, December 15th. Fourteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $23.68.

Cipher Mining Stock Down 4.3%

Shares of NASDAQ CIFR opened at $13.74 on Thursday. The company has a 50 day simple moving average of $15.71 and a 200-day simple moving average of $16.30. The company has a market capitalization of $5.57 billion, a P/E ratio of -6.36 and a beta of 2.96. The company has a debt-to-equity ratio of 3.37, a current ratio of 3.79 and a quick ratio of 3.79. Cipher Mining has a 1 year low of $1.86 and a 1 year high of $25.52.

Insider Buying and Selling at Cipher Mining

In related news, CEO Tyler Page sold 37,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $16.11, for a total transaction of $604,125.00. Following the sale, the chief executive officer directly owned 8,263,862 shares of the company’s stock, valued at $133,130,816.82. This represents a 0.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Cary M. Grossman sold 30,000 shares of the stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $14.54, for a total transaction of $436,200.00. Following the sale, the director owned 170,530 shares in the company, valued at approximately $2,479,506.20. This trade represents a 14.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 183,797 shares of company stock worth $2,915,655. 2.63% of the stock is currently owned by company insiders.

Institutional Trading of Cipher Mining

Several hedge funds have recently modified their holdings of the stock. Millennium Management LLC purchased a new position in Cipher Mining in the first quarter valued at $9,316,000. Goldman Sachs Group Inc. increased its holdings in Cipher Mining by 52.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,680,219 shares of the company’s stock worth $10,765,000 after purchasing an additional 1,610,073 shares during the period. Geode Capital Management LLC increased its holdings in Cipher Mining by 18.1% during the 2nd quarter. Geode Capital Management LLC now owns 7,242,210 shares of the company’s stock worth $34,621,000 after purchasing an additional 1,108,850 shares during the period. Police & Firemen s Retirement System of New Jersey raised its position in Cipher Mining by 32.1% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 60,235 shares of the company’s stock valued at $288,000 after purchasing an additional 14,649 shares in the last quarter. Finally, Creative Planning boosted its stake in shares of Cipher Mining by 45.9% in the 2nd quarter. Creative Planning now owns 115,144 shares of the company’s stock valued at $550,000 after buying an additional 36,251 shares during the period. 12.26% of the stock is currently owned by institutional investors and hedge funds.

More Cipher Mining News

Here are the key news stories impacting Cipher Mining this week:

• Positive Sentiment: Needham & Company reiterated a Buy rating on CIFR, signaling continued analyst conviction and supporting upside expectations. Read More.
• Positive Sentiment: Rosenblatt Securities reaffirmed a Buy and set a $24 price target, reinforcing a bullish analyst view that could attract buyers. Read More.
• Positive Sentiment: Zacks Research upgraded Cipher from “strong sell” to “hold,” a modest improvement in sentiment from a prior negative stance. Read More.
• Positive Sentiment: CIFR experienced a sharp gap higher tied to strength in Nasdaq futures, producing short‑term momentum that can attract momentum traders and algos. Read More.
• Neutral Sentiment: Analyst coverage is mixed overall (many Buy ratings and some Hold/Sell), leaving consensus upside but also exposing the stock to sentiment swings; consensus price targets imply material upside versus current levels. Read More.
• Negative Sentiment: Several market pieces highlight steep intraday declines (around 9% in Thursday trading), linking CIFR’s moves to Bitcoin and broader crypto‑miner volatility—this has been a direct driver of selling pressure. Read More.
• Negative Sentiment: Director Cary M. Grossman sold 30,000 shares (~15% reduction in his reported stake), a disclosed insider sale that can be interpreted as profit‑taking and may weigh on sentiment. Read More.
• Negative Sentiment: Zacks published a note highlighting a larger-than-market decline in the latest close, underscoring downside risk from near‑term price moves. Read More.

About Cipher Mining

Cipher Mining Inc is a Nasdaq-listed bitcoin mining company that develops, owns and operates large-scale mining facilities across the United States. The company focuses on deploying advanced ASIC hardware and securing long-term low-cost power contracts to optimize bitcoin production. By strategically locating its sites in regions with abundant energy supply, Cipher Mining seeks to maintain a competitive cost structure and deliver efficient hashrate capacity growth.

Founded in 2021 and headquartered in Austin, Texas, Cipher Mining has pursued an integrated approach encompassing site development, equipment procurement and operations management.