JPMorgan upgraded Cipher Mining (CIFR) to Overweight from Neutral with a price target of $18, up from $12. The stock has declined 45% from recent highs just a few weeks ago, which offers a “nice entry point for one of the top operators” in bitcoin mining, the analyst tells investors in a research note. The firm thinks Cipher is well positioned to sign additional high performance compute deals at other approved sites, which could drive additional medium-term upside.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CIFR:
- Cipher Mining upgraded to Overweight from Neutral at JPMorgan
- The Week That Was, The Week Ahead: Macro & Markets, November 23, 2025
- Mixed options sentiment in Cipher Mining with shares down 3.4%
- Crypto Currents: Kraken confidentially files for IPO
- From Bitcoin to AI: Citizens JMP Sees ‘Significant Value’ for 3 Stocks Pivoting Into the AI Boom