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0 -0.00166389351081527 0.00499168053244596 0.00831946755407651 0.0149750415973377 0.0199667221297837 0.021630615640599 0.00998336106489178
Stock impact report

Bitcoin Miner IREN Upgraded to Overweight, Cipher Mining Cut to Neutral: JPMorgan [Yahoo! Finance]

Cipher Mining Inc. (CIFR) 
Company Research Source: Yahoo! Finance
JPMorgan raised IREN (IREN), its top pick in the sector, to overweight from neutral, and cut its price target to $12 from $15. The shares were 2.7% higher at $7.23 in early trade. Cipher Mining (CIFR) was downgraded to neutral from overweight, while the bank withdrew its $8 price target. The stock fell 3% to $3.10. The bank reiterated its overweight ratings on Riot Platforms (RIOT) and CleanSpark (CLSK), and reduced their respective price targets to $13 and $12. Riot slipped 0.5% to $7.82. CleanSpark gained 0.6% to $8.15. It reiterated its neutral rating on MARA Holdings (MARA), and cut the company's price target to $18 from $23. The shares rose 0.5% to $13.14. Miner's price targets were slashed by 19%-29% to reflect a 10% reduction to the bank's bitcoin price assumption and an 80% increase to the bank's network hashrate growth estimate. The total market cap of the five mining stocks that the bank covers has slumped more than 20% year-to-date versus a 11% decline in the bit Show less Read more
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