
MARA Stock Forecast & Price Target
MARA Analyst Ratings
Bulls say
MARA Holdings Inc has demonstrated impressive financial growth, with a revenue of $252.4 million representing a 92% year-over-year increase driven primarily by higher Bitcoin prices and an increase in production, where the company mined 2,144 BTC. The company has expanded its energized hash rate to 60.4 EH/s, contributing to increased mining production and revenue, even amidst a competitive mining environment marked by a 20% increase in network hash rate. Furthermore, MARA has significantly bolstered its Bitcoin holdings, ending the quarter with 52,850 BTC, a 98% year-over-year increase, which positions it as the second-largest public corporate holder of Bitcoin, enhancing its long-term investment potential.
Bears say
MARA Holdings Inc. is experiencing a negative outlook due to a pronounced slowdown in growth within its core mining business, resulting in a downward revision of revenue estimates by approximately 10%. The company's financial stability is further jeopardized by the volatility of Bitcoin prices, which adversely affects both its mining revenue and the valuation of its Bitcoin assets, critical components of its balance sheet. Additionally, the potential for increased regulatory scrutiny and reliance on stable energy sources could pose significant risks to profitability and operational scalability, further impacting the financial health of the company.
This aggregate rating is based on analysts' research of Marathon Digital Holdings and is not a guaranteed prediction by Public.com or investment advice.
MARA Analyst Forecast & Price Prediction
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