“`html
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.
“`
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
