Keefe Bruyette cut its price target from $28 per share to $11 per share but kept its positive rating and said AI data-center rentals remain attractive. Its comments on miners' share values near or below lease values point the other way, and the sector-wide reset reports no new change to Cipher Digital's business.
The cut signals that Keefe Bruyette sees less value in Cipher Digital's shares. But it kept its positive rating and said renting data-center space for AI remains promising. These views point in different directions, and the report gives no new change to Cipher Digital's business.
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