Cipher Mining Inc. (NASDAQ:CIFR) is a top choice for Hedge Funds, with a positive sentiment towards the stock. Analysts have given 12 Buy calls and 1 Hold rating, projecting a 50.6% upside with an average price target of $24.42. Joseph Vafi from Canaccord Genuity raised his price target to $27, foreseeing a 66.5% potential gain.

Vafi’s estimates for Cipher Mining Inc. (NASDAQ:CIFR) are based on growth opportunities in AI data center deals and strong demand. The company’s strategic engagements with companies like FluidStack position it well for success. With a focus on bitcoin mining, Cipher Mining Inc. is expanding into AI hosting and high-performance computing infrastructure.

Cipher Mining Inc. (NASDAQ:CIFR) is a key player in industrial-scale data centers for bitcoin mining, with plans to diversify into AI hosting and computing infrastructure. While CIFR shows promise, other AI stocks may offer greater potential. For more on undervalued AI stocks, check out the free report on the best short-term AI stock.

For more investment opportunities, explore the 15 Most Promising Mid-Cap Healthcare Stocks Under $50 and the 11 Most Promising Small-Cap Industrial Stocks Under $50. This article is from Insider Monkey.

Read more at Yahoo Finance: Cipher Mining Inc. (CIFR) Positioned to Benefit from AI Data Center Deals