Rosenblatt Reiterates Buy Rating on Cipher Digital Inc.
Rosenblatt maintains its buy rating for Cipher Digital Inc., setting a $30 price target, a 21.07% upside from the current price.
Key Points
- Rosenblatt analyst Chris Brendler reiterated a buy rating on Cipher Digital Inc. (CIFR) with a $30 price target on June 25, 2026.
- Rosenblatt's $30 price target implies 21.07% upside from Cipher Digital Inc.'s ($CIFR) current $24.78 share price.
- Shares of Cipher Digital Inc. traded at $26.19 on Thursday, with a market cap of about $11.51 billion and a forward P/E of 42.
- Insiders, including CEO Rodney Tyler Page, were active in June, with multiple transactions involving shares of Cipher Digital.
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On June 25, 2026, Rosenblatt analyst Chris Brendler reiterated a buy rating on Cipher Digital Inc. (NasdaqGS: CIFR), maintaining the price target at $30. This reaffirmation comes as Cipher Digital's shares traded around $26.19 on Thursday.
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Other Institutional Activity in Cipher Digital Inc.
Several institutional investors have adjusted their positions in Cipher Digital Inc. BlackRock, Inc. increased its holdings by 307,789 shares, bringing its total to 28,462,858 shares valued at approximately $366.3 million, marking a 1.1% increase. Vanguard Portfolio Management LLC opened a new position with 22,310,297 shares worth about $287.1 million. D. E. Shaw & Co., Inc. boosted its stake by 1,000,518 shares, ending with 16,388,535 shares valued at $210.9 million, a 6.5% increase. Meanwhile, Jane Street Group, LLC reduced its holdings by 4,992,701 shares, now holding 11,428,614 shares worth $147.1 million, a 30.4% decrease.
Cipher Digital Inc. Stock Up 63.3%
Shares of Cipher Digital Inc. (NasdaqGS: CIFR) traded near $26.19 on Thursday. The company boasts a market capitalization of approximately $11.51 billion and a forward P/E ratio of 42. It has a beta of 3.203, indicating higher volatility. The stock's 52-week range spans from $3.29 to $30.14, with a 50-day moving average of $21.14 and a 200-day moving average of $17.21. The current ratio is 3.126, while the quick ratio is 0.581, and the debt-to-equity ratio stands at 641.56.
$CIFR price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Cipher Digital Inc. reported revenue of $209.8 million, though it experienced a revenue decline of 28.8%. The company is not currently profitable, as indicated by a lack of meaningful P/E ratio. Its return on equity (ROE) is negative at -121.73%, with a net margin of zero. The next earnings announcement is expected on August 6, 2026.
Insider Buying and Selling at Cipher Digital Inc.
CEO Rodney Tyler Page was notably active on June 22, 2026, with transactions involving 1,419,236 shares. On the same day, he sold 724,520 shares at an average price of $28.14. Other insiders, including Cary Grossman and James Newsome, also made sales, with Newsome selling shares on June 16 and May 11 at prices of $26.6 and $20.96, respectively.
Analysts Set New Price Targets
On June 25, 2026, BTIG maintained its buy rating for Cipher Digital Inc. with a $35 price target. Morgan Stanley also maintained a buy rating with a $48.5 target on June 4, 2026. The consensus among analysts is a strong buy, with a mean price target of $32 based on 16 analyst opinions.
About Cipher Digital Inc.
Cipher Digital Inc., headquartered in New York, develops and operates large-scale data centers for bitcoin mining and high-performance computing (HPC) hosting in the United States. The company, led by CEO Rodney Tyler Page, focuses on creating HPC data centers for hyperscaler tenants and operates a bitcoin mining center. Founded in 2021, Cipher Digital employs 66 people and was previously known as Cipher Mining Inc. until February 2026.
Bottom Line
Rosenblatt's reaffirmation of its buy rating and $30 target price for Cipher Digital reflects ongoing confidence in the company's future prospects. Investors and analysts continue to track Cipher Digital closely, given its role in bitcoin mining and HPC hosting. As always, it's important to remember that 13F filings and analyst ratings are backward-looking, providing a snapshot of past activities and opinions.
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