CIFR Price Prediction Next Week
Analysis and Insights
News Impact Analysis:
Cipher Mining (CIFR) was recently downgraded by J.P. Morgan to Neutral from Overweight, citing the need for additional capital to support future growth targets. This downgrade, combined with the broader decline in bitcoin prices and mining production, has created downward pressure on the stock.
Technical Analysis:
The stock is currently showing bearish momentum with an RSI of 23.15, indicating oversold conditions. However, the MACD remains negative, suggesting continued selling pressure.
Price Prediction:
Based on the current technical indicators and news sentiment, the stock is expected to decline further in the next trading week. The price is predicted to reach $2.50.
Recommendation:
Given the bearish technical indicators and negative news sentiment, it is recommended to sell CIFR stock in the next trading week.
CIFR Similar Chart Price Prediction
The price of CIFR is predicted to go up -4.14%, based on the high correlation periods with LEE. The similarity of these two price pattern on the periods is 98.83%.
CIFR
LEE
Down: -4.14%Similarity: 98.83%
CIFR Revenue Forecast
CIFR EPS Forecast
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CIFR Analyst's Forecast
Reginald Smith
JP Morgan
Buy → Hold
2025-03-13
Price Target
n/a
Downside
0%
JPMorgan downgraded Cipher Mining to Neutral from Overweight without a price target. The firm updated bitcoin miner price targets and models to reflect the Q4 results and changes in bitcoin price and the network hash rate. The firm now sees less upside potential relative to peers for Cipher Mining shares. Cipher could sign a high performance compute deal at its Barber Lake site, which could drive upside, but deals can take up to nine months to negotiate and finalize, the analyst tells investors in a research note.
Chris Brendler
Rosenblatt
Strong Buy
2025-03-07
Price Target
$6.5
Upside
+67.1%
Brett Knoblauch
Cantor Fitzgerald
Buy
2025-02-04
Price Target
$11 → $10
Upside
+72.12%
