
MARA Stock Forecast & Price Target
MARA Analyst Ratings
Bulls say
MARA Holdings Inc has demonstrated a positive trend in its bitcoin mining operations, with its energized hash rate increasing from 59.4 EH/s to 60.4 EH/s, contributing to a boost in monthly production and revenue. In September, the company mined 736 Bitcoin, reflecting a daily average of 24.5 Bitcoin, which surpasses the previous month's output of 22.7 Bitcoin per day. Furthermore, on a BTC yield basis, MARA has achieved a remarkable 107.7% year-to-date increase in Bitcoin per share, underscoring its strong performance and potential for future growth.
Bears say
MARA Holdings Inc. faces significant financial headwinds due to its revenue and profitability being closely tied to the historically volatile prices of Bitcoin, leading to a 3.1% reduction in revenue and a 9% cut in adjusted EBITDA estimates for FY25E. Additionally, the company is contending with fierce competition among Bitcoin miners and rising demands for energy, which could increase electricity costs and further pressure profitability. Compounding these issues, MARA's HODL strategy limits cash inflows, necessitating equity financing that threatens to dilute shareholder value.
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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