Marathon Digital Holdings ( (MARA) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Marathon Digital Holdings’ stock has been affected by JPMorgan’s decision to lower its price target from $23 to $18. This adjustment comes after updates to the company’s models following Q4 results, fluctuations in bitcoin prices, and changes in the network hash rate. Despite a recent strategic surge, the stock remains below its one-year high of $30.28. Analysts still see a significant upside potential, maintaining a Moderate Buy consensus.
More about Marathon Digital Holdings
YTD Price Performance: -23.82%
Average Trading Volume: 39,856,940
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.61B
For further insights into MARA stock on TipRanks’ Stock Analysis page.
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