Why did CIFR stock drop? — 2026-11-10

Research session: 2026-11-10. Published: 2026-11-10T21:35:51.714968+00:00.

Final report

CIFR — Cipher Digital Inc. - Common Stock

Session close: $6.53. Regular-session share volume: 30,791,189. Change from previous close: -4.11%.

Key developments

Jefferies cut its price target on Cipher Digital while keeping a Buy rating, adjusting its AI infrastructure valuation model for U.S. election results and tenant change orders. The firm noted Cipher has a diversified tenant base of investment-grade cloud service providers supporting future financing, but has yet to deliver operational AI data center capacity.

Company news Jefferies Adjusts Price Target for Cipher Digital

Morgan Stanley lowered its price target on Cipher Digital but maintained an Overweight rating, reflecting a revised analyst assessment of the company's valuation and market position.

Company news Morgan Stanley Adjusts Price Target on Cipher Digital

News sources

Company news Jefferies Adjusts Price Target for Cipher Digital · Company news Morgan Stanley Maintains Overweight on Cipher Digital, Lowers Price Target to $27.5 · Company news Morgan Stanley Adjusts Price Target on Cipher Digital

Full report for 2026-11-10