12 Best Strong Buy Tech Stocks to Invest In Now

7. Cipher Digital Inc. (NASDAQ:CIFR) 

Number of Hedge Fund Holders: 43

Cipher Digital Inc. (NASDAQ:CIFR) is among the best Strong Buy stocks on this list.

TheFly reported on May 19 that Morgan Stanley increased its price target on CIFR to $42.50 from $40.50 while maintaining an Overweight rating on the stock. The firm said the adjustment reflects an updated assessment of the company’s outlook following its first quarter results.

Cipher Digital Inc. (NASDAQ:CIFR) reported its first-quarter 2026 results on May 5, along with an operational and strategic update covering its data center expansion activities. The company disclosed progress on multiple development projects, including advancement at its Barber Lake facility, where construction has reached structural completion and mechanical and electrical installations are underway while remaining on schedule. At the Black Pearl site, retrofit work for the initial phase is continuing, with planning for the next phase already initiated.

CIFR also secured a revolving credit facility providing up to $200 million in committed financing capacity from a syndicate of global financial institutions, strengthening its liquidity position. During the quarter, the company signed a third data center campus lease with an investment-grade hyperscale customer, supporting its long-term growth strategy. Financial results showed revenue of $35 million and negative adjusted EBITDA of $48 million, reflecting continued investment in scaling its infrastructure platform.

Cipher Digital Inc. (NASDAQ:CIFR) is a data center company transitioning from Bitcoin mining to building high-performance computing infrastructure for AI and hyperscale clients.