New Forecasts: Here's What Analysts Think The Future Holds For Cipher Mining Inc. (NASDAQ:CIFR)

Shareholders in Cipher Mining Inc. (NASDAQ:CIFR) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The consensus statutory numbers for both revenue and earnings per share (EPS) increased, with their view clearly much more bullish on the company's business prospects. Investors have been pretty optimistic on Cipher Mining too, with the stock up 25% to US$5.89 over the past week. We'll be curious to see if these new estimates convince the market to lift the stock price higher still.

After this upgrade, Cipher Mining's nine analysts are now forecasting revenues of US$345m in 2025. This would be a sizeable 126% improvement in sales compared to the last 12 months. Losses are predicted to fall substantially, shrinking 79% to US$0.032 per share. Yet prior to the latest estimates, the analysts had been forecasting revenues of US$316m and losses of US$0.13 per share in 2025. So it seems there's been a definite increase in optimism about Cipher Mining's future following the latest consensus numbers, with a considerable decrease in the loss per share forecasts in particular.

View our latest analysis for Cipher Mining

Despite these upgrades, the analysts have not made any major changes to their price target of US$8.53, implying that their latest estimates don't have a long term impact on what they think the stock is worth.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Cipher Mining's past performance and to peers in the same industry. The period to the end of 2025 brings more of the same, according to the analysts, with revenue forecast to display 92% growth on an annualised basis. That is in line with its 112% annual growth over the past three years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 12% per year. So although Cipher Mining is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.

The Bottom Line

The highlight for us was that the consensus reduced its estimated losses next year, perhaps suggesting Cipher Mining is moving incrementally towards profitability. Fortunately, analysts also upgraded their revenue estimates, and our data indicates sales are expected to perform better than the wider market. The lack of change in the price target is puzzling, but with a serious upgrade to next year's earnings expectations, it might be time to take another look at Cipher Mining.

Analysts are clearly in love with Cipher Mining at the moment, but before diving in - you should be aware that we've identified some warning flags with the business, such as recent substantial insider selling. For more information, you can click through to our platform to learn more about this and the 2 other concerns we've identified .

Of course, seeing company management invest large sums of money in a stock can be just as useful as knowing whether analysts are upgrading their estimates. So you may also wish to search this free list of stocks with high insider ownership.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.