CYPH is trading at $0.68 (5.6% up) after Cantor Fitzgerald initiated coverage with an Overweight rating and a $0.90 price target, signaling meaningful upside for the stock.
- The new price target from Cantor Fitzgerald suggests significant potential growth from current levels.
- Firmer crypto prices are providing a supportive backdrop for the name, with both Bitcoin and Ethereum trading over 2% higher since the last close.