
MARA Stock Forecast & Price Target
MARA Analyst Ratings
Bulls say
MARA Holdings Inc. has significantly increased its operational capacity to 1.7 GW, a substantial rise from 619 MW at year-end 2023, bolstering its ability to drive hash rate growth and improve mining costs due to increased ownership of capacity. The company's hash cost has improved by 18% year-over-year, with expectations of continued double-digit declines in the coming years, indicating a strong trend in operational efficiency. Moreover, as a market leader, MARA has leveraged its position to enhance its Bitcoin holdings, resulting in the largest self-mined Bitcoin stack in the sector, which is expected to yield benefits that outweigh the dilution from an increased share count.
Bears say
MARA Holdings Inc. faces a negative financial outlook driven by lowered earnings per share (EPS) estimates for 2025 and 2026, reflecting an increased share count and heightened risks from a declining Bitcoin market, which is integral to the company's revenue and balance sheet strength. Additionally, the company's dependence on stable and competitively priced energy sources poses a significant threat; fluctuations in energy costs or supply disruptions could adversely affect profitability and operational scalability. Furthermore, the potential for increased regulatory scrutiny and associated compliance costs, alongside legal risks, may impose additional financial burdens that hinder the company's strategic initiatives and overall financial performance.
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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