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Cipher Mining Inc. (CIFR) has an average brokerage recommendation (ABR) of 1.62, indicating a rating between Strong Buy and Buy, based on recommendations from 13 brokerage firms. Of these, 8 are categorized as Strong Buy (61.5%) and 2 as Buy (15.4%).
However, analysts have recently adjusted their earnings estimates for Cipher Mining, with the consensus for the current year declining by 14.7% to -$0.36. This shift has resulted in a Zacks Rank of #4 (Sell) for the company. Investors are advised to approach this favorable ABR cautiously, given the analysts’ growing pessimism regarding earnings prospects.
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