In a report released yesterday, Joe Flynn from Compass Point reiterated a Buy rating on Cipher Mining (CIFR – Research Report), with a price target of $7.00. The company’s shares closed yesterday at $3.17.

According to TipRanks, Flynn is a 4-star analyst with an average return of 9.8% and a 50.00% success rate. Flynn covers the Financial sector, focusing on stocks such as Riot Platforms, TeraWulf Inc, and Cipher Mining.

Currently, the analyst consensus on Cipher Mining is a Strong Buy with an average price target of $6.19, representing a 95.27% upside. In a report released on May 7, Canaccord Genuity also maintained a Buy rating on the stock with a $8.00 price target.

CIFR market cap is currently $1.27B and has a P/E ratio of -8.96.