UBS Rates Cipher Digital as a Buy in New Coverage Initiation

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On September 23, 2026, UBS initiated coverage of Cipher Digital (NASDAQGS:CIFR) with a “Buy” recommendation at a closing price of $18.36. This follows a previous close of $19.09 on September 22, 2026. Over the past week, Cipher Digital’s stock price increased by 9.81% compared to a baseline of $16.72 on September 16, 2026, and rose 16.46% from a baseline of $15.76 on August 21, 2026.

Cipher Digital’s latest earnings report, released on August 4, 2026, revealed an EPS of -0.65, below the estimated EPS of -0.2388, with actual revenue at $24.84 million, missing the estimate of $33.16 million. As of September 15, 2026, the consensus target mean for the stock was $31.08, indicating a potential increase of 69.26% based on prior targets. Among 25 recommendations, 92% were positive (6 strong buy, 17 buy, 2 hold).

Recent analyst activities included Rothschild & Co initiating coverage with a “Neutral” rating on September 21, 2026, while Morgan Stanley maintained an “Overweight” rating on September 18, 2026. Wells Fargo and Freedom Capital Markets also initiated coverage with “Overweight” and “Hold” ratings, respectively.

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