Rosenblatt Bullish on Cipher Digital (CIFR) Following Meeting with Management

Cipher Digital Inc. (NASDAQ:CIFR) earns a spot on our list of the 7 best blockchain stocks to buy right now.

Rosenblatt Bullish on Cipher Digital (CIFR) Following Meeting with Management

As of March 30, 2026, all analysts remain bullish on Cipher Digital Inc. (NASDAQ:CIFR), while the consensus price target of $27.00 implies 114.29% upside potential.

Following the meeting with CEO Tyler Page and CFO Greg Mumford at an event in New York City, Rosenblatt Securities reaffirmed its “Buy” rating and $24.00 price target on Cipher Digital Inc. (NASDAQ:CIFR) on March 19, 2026.

Despite advancements in building HPC data centers and obtaining capital expenditure finance, the investment firm noted that Cipher Digital Inc. (NASDAQ:CIFR) shares have lagged behind peers, citing a potential new hyperscaler deal as a near-term driver. According to Rosenblatt, the current share price presents a compelling opportunity for investors to boost their exposure to the HPC buildout.

Previously, Keefe Bruyette reduced its price target for Cipher Digital Inc. (NASDAQ:CIFR) from $22 to $20 on March 11, 2026, while keeping its “Outperform” rating. Although the firm stated that the market may be undervaluing Cipher Digital Inc. (NASDAQ:CIFR)’s 2026 leasing potential, it lowered its revenue and EBITDA estimates for 2026 and 2027 to reflect lower hash prices, an anticipated departure from bitcoin mining in 2027, and higher spending levels.

Cipher Digital Inc. (NASDAQ:CIFR) focuses on developing industrial-scale data centers dedicated to high-performance computing and digital asset workloads. The company leverages expertise in power sourcing, engineering, and infrastructure to provide capacity for hyperscale computing demand.

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 this cheapest AI stock.

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