Cipher Mining Inc. (CIFR) saw a 16.12% surge on Monday, closing at $6.05. Zacks Research issued a “buy” recommendation for CIFR due to positive earnings prospects. Macquarie raised price target to $8, Keefe, Bruyette, & Woods set new $8 target, and other firms like Needham and Rosenblatt gave bullish ratings with $8 and $7 targets respectively.

In Q2, Cipher Mining Inc. (CIFR) reported a 18.2% increase in Bitcoin mining revenue to $43.56 million, but net loss nearly tripled to $45.78 million due to higher costs. While CIFR shows promise, some AI stocks may offer better returns with less risk. Explore a report on the best short-term AI stock.

Read more at Yahoo Finance: Cipher Mining (CIFR) Gets New “Buy” Reco, Soars 16% More