Despite Downward Target Price Revision, Cipher Digital (CIFR) Remains A Top Mid-Cap AI Stock To Buy

Cipher Digital Inc. (NASDAQ:CIFR) is one of the 12 Best Mid-Cap AI Stocks to Buy According to Analysts. While Cipher Digital Inc. (NASDAQ:CIFR) received a downward price target revision from Morgan Stanley recently, the stock’s prospects are still healthy for an AI trade. Stephen Byrd of Morgan Stanley brought his price target down to $48.5 from $53.5.

Cipher Digital Inc. (NASDAQ:CIFR) is one of the 12 Best Mid-Cap AI Stocks to Buy According to Analysts.

The most recent significant upward revision came on May 6, when H.C. Wainwright raised its price target on Cipher Digital Inc. (NASDAQ:CIFR) to $30 from $25 and maintained a Buy rating on the stock. This bullish price target came after the company announced its Q1 2026 earnings report.

The quarterly report came out on May 5. The company reported a revenue of $34.84 million, a sequential decline from $60 million in Q4 2025.  The earnings per share came in at -$0.28, falling short of Wall Street estimates by 21.74%.

Looking ahead, the mining company expects revenue to grow later in 2026, driven by construction milestones, lease conversions, and pipeline contracting.  The company estimates earnings per share improvements, with forecasts reaching $0.36 by Q1 2027.

Cipher Digital Inc. (NASDAQ:CIFR) runs large data centers for high-performance computing (HPC) workloads. Originally a Bitcoin mining company, it has since February 2026 shifted its focus to using its infrastructure to meet demand for artificial intelligence and HPC. It was founded in 2021 and is based in New York.

While we acknowledge the risk and potential of CIFR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CIFR and that has 10,000% upside potential, check out our report about the cheapest AI stock.

READ NEXT: 12 Best Mid-Cap AI Stocks to Buy According to Analysts and 7 Best Data Centre GPU-as-a-Service Stocks To Buy.

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