MORGAN STANLEY INCREASE CIFR RATES TO $38 ??!

$Morgan Stanley (MS.US)$ views CIFR as a premier play for the AI Data Center Transition. The recent 15-year hyperscale lease and $200M credit facility led by Morgan Stanley are the "proof of Concept" for this $38 high price target.

They compare Cipher's business model to Data Center REITs like Equinix and Digital Realty, which trade at much higher multiples than traditional miners.

While Morgan Stanley's $38 target is the most bullish among major investment banks, it sits within a wider range of analyst sentiment :

- High Consensus : The street high target for CIFR reaches up to $53 while low estimates around $18..

- Recent Moderate Targets : Others adjust their targets and maintain their buy ratings such as RosenBlatt at $24, Needham & Co. at $22 and Keefe, Bruyette & Woods at $20.

Morgan Stanley is essentially betting that once the market stops treating Cipher like a Bitcoin Miner and starts treating it like an AI Power Utility (Data Centers), a massive re-rating will occur !

42K Views