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Analysts Offer Insights on Technology Companies: Block (XYZ) and Cipher Mining (CIFR)

Tipranks - Tipranks - Thu Jul 2, 12:54PM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Block (XYZ) and Cipher Mining (CIFR) with bullish sentiments.

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Block (XYZ)

In a report released yesterday, Harshita Rawat from Bernstein maintained a Buy rating on Block, with a price target of $85.00. The company’s shares closed last Wednesday at $77.30.

According to TipRanks.com, Rawat is a 4-star analyst with an average return of 8.4% and a 64.6% success rate. Rawat covers the Technology sector, focusing on stocks such as Fidelity National Info, Klarna Group Plc, and Toast Inc. ;'>

Currently, the analyst consensus on Block is a Strong Buy with an average price target of $91.67, implying a 21.3% upside from current levels. In a report issued on June 29, Piper Sandler also upgraded the stock to Buy with a $100.00 price target.

See the top stocks recommended by analysts >>

Cipher Mining (CIFR)

Bernstein analyst Chad Dillard maintained a Buy rating on Cipher Mining today and set a price target of $32.00. The company’s shares closed last Wednesday at $23.39.

According to TipRanks.com, Dillard is a 4-star analyst with an average return of 11.1% and a 68.0% success rate. Dillard covers the Industrial Goods sector, focusing on stocks such as Legence Corp. Class A, Jacobs Solutions, and Quanta Services. ;'>

Currently, the analyst consensus on Cipher Mining is a Strong Buy with an average price target of $30.85, implying a 31.8% upside from current levels. In a report issued on June 25, Rosenblatt Securities also reiterated a Buy rating on the stock with a $30.00 price target.

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