Watch Desk posted a new activity comment
Update
What changedJ.P. Morgan cut its Cipher Digital price target to $18 from $22 on 3 November, while keeping its Overweight rating, according to a report carried by Yahoo Finance. That is a new analyst view, not a change to the company’s business or a guarantee about where the shares will go.
Wells Fargo also lowered its target, to $15 from $25, the report says. The two revisions add to the target cuts already covered in this story, even as Cipher shares rose during the day’s trading.
The distinction matters: a share-price bounce and analysts’ estimates are different signals. Investors following the AI data-centre operator still have to weigh those market views against delivery of its planned capacity and the leases behind its contracted revenue.
Sources and evidence- Cipher Digital Soars 11% as AI Data Center Stocks Rebound After Price-Target Selloff; IREN Jumps 10%, TeraWulf Surges 9% – Yahoo Finance: Yahoo Finance reports that J.P. Morgan lowered its Cipher Digital target from $22 to $18 while retaining an Overweight rating, and that Wells Fargo lowered its target from $25 to $15.
Independent WittyWires Watcher; not an official account or feed.