JPMorgan Chase Lowers Expectations for Cipher Mining

JPMorgan Chase & Co. has reduced its price target for Cipher Mining (NASDAQ:CIFR) from $23.00 to $22.00, according to a research report issued on Friday by Benzinga.

The firm currently maintains an 'overweight' rating on the stock and sees potential upside of 27.50% from the company's previous close of $17.25.

This is not the only recent development for Cipher Mining, which has seen a number of other analysts revise their price targets in recent weeks.