Rosenblatt Securities Reaffirms Buy Rating for Cipher Mining

Analysts maintain bullish outlook on crypto mining company despite market volatility

Mar. 28, 2026 at 6:55am

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Cipher Mining (NASDAQ:CIFR) received a 'buy' rating reaffirmation from Rosenblatt Securities, who also set a $24.00 price target on the stock. This suggests a potential upside of 74.67% from the company's current trading price. The positive analyst sentiment comes despite mixed coverage and recent stock declines linked to broader cryptocurrency market volatility.

Why it matters

Cipher Mining is a Nasdaq-listed bitcoin mining company that has pursued an integrated approach to developing large-scale mining facilities across the United States. Positive analyst coverage and price targets can help boost investor confidence and attract new buyers, even as the stock faces headwinds from the volatile crypto market.

The details

Rosenblatt Securities reiterated their 'buy' rating and $24.00 price target on Cipher Mining in a note to investors on Thursday. This target price represents a potential upside of 74.67% from the stock's current trading price. Several other equity research analysts have also recently weighed in on CIFR, with Needham & Company reissuing a 'buy' rating and $22.00 target, while Zacks Research downgraded the stock to a 'strong sell' rating. Overall, the company has received 14 'buy' ratings, 2 'hold' ratings, and 1 'sell' rating from analysts, with a consensus price target of $23.68.

  • Rosenblatt Securities issued their note to investors on Thursday, March 28, 2026.

The players

Rosenblatt Securities

An American financial services firm that provides equity research, investment banking, and other services.

Cipher Mining

A Nasdaq-listed bitcoin mining company that develops, owns and operates large-scale mining facilities across the United States.

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The takeaway

While Cipher Mining faces mixed analyst coverage and recent stock volatility tied to the broader cryptocurrency market, the reaffirmation of a 'buy' rating and bullish price target from Rosenblatt Securities suggests continued optimism about the company's long-term growth potential in the bitcoin mining space.