
MARA Stock Forecast & Price Target
MARA Analyst Ratings
Bulls say
MARA Holdings Inc. reported a sequential increase in its energized hash rate, rising to 60.4 EH/s in September from 59.4 EH/s in August, which contributed to a month-over-month increase in mining production and revenue. The company demonstrated significant growth in its Bitcoin yield, achieving a remarkable 107.7% year-to-date increase in Bitcoin per share for 2025. In September, MARA successfully mined 736 Bitcoin, averaging 24.5 Bitcoin per day, compared to 22.7 Bitcoin per day in the previous month, indicating a robust upward trend in operational efficiency.
Bears say
MARA Holdings Inc's negative outlook is primarily driven by its high dependence on the volatile Bitcoin market, with lowered revenue and adjusted EBITDA estimates for FY25E by 3.1% and 9%, respectively, due to a continued uptick in Bitcoin network hash. Additionally, increasing electricity costs driven by rising energy demand pose a significant risk to profitability, especially in the context of fierce competition among Bitcoin miners. Furthermore, MARA's reliance on a HODL strategy results in little cash inflow, necessitating equity financing that dilutes shareholders, exacerbating financial stability concerns.
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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