J.P. Morgan Maintains ‘Neutral' Rating on Marathon Holdings, Inc. (MARA); Raises PT
J.P. Morgan raised its price target on Marathon Holdings, Inc. (NASDAQ:MARA) from $18 to $19 on June 24, 2025. The analyst attributes it to the company's Q1 results and updated bitcoin pricing and network hash rate data. Furthermore, Marathon Holdings, Inc.'s (NASDAQ:MARA) operational transformation and infrastructure expansion are key considerations in the analyst's valuation.
The company achieved 54.3 exahashes per second in Q1 2025, which represents a 95% YoY increase. Meanwhile, its cost per petahash went down by 25%. While Marathon Holdings, Inc. (NASDAQ:MARA) experienced a net loss due to unrealized losses in bitcoin valuations, its revenue grew 30% to $213.9 million. Looking ahead, the analyst expects further improvements in energy efficiency and robust growth through vertically integrated operations.
Marathon Holdings, Inc. (NASDAQ:MARA), a U.S.-based cryptocurrency mining company, focuses on bitcoin mining infrastructure and energy-efficient data centers.
While we acknowledge the potential of MARA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the .
READ NEXT: 7 Best Future Food Stocks to Buy According to Analysts and 10 Best Marketing Stocks to Buy Right Now.
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