Bernstein Maintains $32 Price Target for Cipher Digital Despite Increased Q2 Loss and Stock Drop
BitcoinWorld Bernstein has reaffirmed its outperform rating for Bitcoin mining company Cipher Digital, maintaining a price target of $32 per share, despite a 15.7% decline in the company's stock following the announcement of a larger-than-expected loss in the second quarter. The research firm highlighted that the three contracted AI data center projects are advancing as scheduled, which reinforces their confidence in the company's future prospects. […] This article originally appeared on BitcoinWorld.
BitcoinWorld Bernstein has reaffirmed its outperform rating for Bitcoin mining company Cipher Digital, maintaining a price target of $32 per share, despite a 15.7% decline in the company's stock following the announcement of a larger-than-expected loss in the second quarter. The research firm highlighted that the three contracted AI data center projects are advancing as scheduled, which reinforces their confidence in the company's future prospects. […] This article originally appeared on BitcoinWorld.
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