JPMorgan Says This Data Center Stock Can Gain Nearly 30% From Here

Group 1 - JPMorgan analysts upgraded Cipher Mining's rating from "Neutral" to "Overweight" and raised the price target to $18, indicating a potential upside of 27% [2] - Cipher Mining has secured lucrative deals with Amazon Web Services and Fluidstack, which are expected to drive medium-term growth [1][6] - The stock has experienced significant gains, with an 18.1% increase on Nov. 24, followed by 4.9% and 9.3% gains on Nov. 25 and 26, respectively [2] Group 2 - Cipher Mining operates large-scale Bitcoin mining operations in the U.S., focusing on energy-efficient data centers primarily located in Texas [4] - The company emphasizes low-cost power sources and green practices while expanding into high-performance computing, including AI hosting [5] - Over the past 52 weeks, Cipher Mining's stock has gained 193.88%, with a remarkable 531.09% increase over the last six months [6] Group 3 - Cipher Mining is transitioning from a Bitcoin mining firm to a comprehensive AI infrastructure provider, entering strategic partnerships to support this shift [7]