MARA Holdings Inc. has seen its stock price drop by 5.06%, hitting a 5-day low amid significant market declines, with the Nasdaq-100 down 1.35% and the S&P 500 down 0.72%.
The decline in MARA's stock is largely attributed to the risks associated with its substantial Bitcoin holdings, which are under pressure from escalating US-Europe trade tensions. This volatility is compounded by uncertainty in profitability forecasts and the company's ongoing efforts in high-performance computing and power projects, which are seen as potential short-term catalysts. Investors are urged to consider the risks tied to MARA's Bitcoin exposure, especially in light of the current negative market sentiment.
As MARA navigates these challenges, its investment narrative must effectively balance its identity as a Bitcoin holder with its ambitions in data center infrastructure. The company faces a critical period where strategic decisions will be essential for maintaining investor confidence.
Wall Street analysts forecast MARA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MARA is 22.11 USD with a low forecast of 13.00 USD and a high forecast of 30.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
Wall Street analysts forecast MARA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MARA is 22.11 USD with a low forecast of 13.00 USD and a high forecast of 30.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Buy
5 Hold
0 Sell
Moderate Buy
Current: 10.370
Low
13.00
Averages
22.11
High
30.00
Current: 10.370
Low
13.00
Averages
22.11
High
30.00
Rosenblatt
Chris Brendler
Buy
downgrade
$22 -> $15
2025-12-19
Reason
Rosenblatt
Chris Brendler
Price Target
$22 -> $15
AI Analysis
2025-12-19
downgrade
Buy
Reason
Rosenblatt analyst Chris Brendler lowered the firm's price target on Mara Holdings to $15 from $22 and keeps a Buy rating on the shares. Stubbornly high network competition has been an issue for Bitcoin miners throughout 2025 and the situation has "gone from bad to worse" with the sharp drop in BTC, the analyst tells investors. Although pure play miners will remain under pressure, the impact is limited for high-performance computing plays given "entirely uncorrelated and considerably more profitable HPC hosting opportunities," the analyst added.
Compass Point
Neutral -> Buy
upgrade
$30
2025-11-24
Reason
Compass Point
Price Target
$30
2025-11-24
upgrade
Neutral -> Buy
Reason
Compass Point upgraded Mara Holdings to Buy from Neutral with a $30 price target.
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JPMorgan
Overweight
downgrade
$20 -> $13
2025-11-24
Reason
JPMorgan
Price Target
$20 -> $13
2025-11-24
downgrade
Overweight
Reason
JPMorgan lowered the firm's price target on Mara Holdings to $13 from $20 and keeps an Overweight rating on the shares. The firm cites lower bitcoin prices and a higher share count for the target cut.
Cantor Fitzgerald
Brett Knoblauch
Overweight
downgrade
$30 -> $21
2025-11-05
Reason
Cantor Fitzgerald
Brett Knoblauch
Price Target
$30 -> $21
2025-11-05
downgrade
Overweight
Reason
Cantor Fitzgerald analyst Brett Knoblauch lowered the firm's price target on Mara Holdings (MARA) to $21 from $30 and keeps an Overweight rating on the shares. announced a joint initiative with MPLX LP (MPLX) to develop and operate integrated power generation facilities, under which MPLX will provide long-term access to low-cost natural gas power at scale, and Mara will develop on-site power generation and compute infrastructure, the analyst tells investors in a research note. While Cantor gets the sense that Mara is extremely focused on diversifying its business, how it chooses to diversify remains to be seen, the firm says.
About MARA
MARA Holdings, Inc. is engaged in digital asset compute that develops and deploys technologies. The Company secures the blockchain ledger and supports energy transformation by converting clean, stranded, or otherwise underutilized energy into economic value. It also offers advanced technology solutions to optimize data center operations, including liquid immersion cooling and firmware for bitcoin miners. It is primarily focused on computing for, acquiring, and holding digital assets as a long-term investment. Its core business is bitcoin mining, and it produces, or mines, bitcoin using energy-efficient fleets of specialized computers while providing dispatchable compute as an optionality to the electric grid operators to balance electric demands on the grid. It is also engaged in the sale of data center infrastructure, such as immersion-cooled systems, to third parties operating in the bitcoin ecosystem and the artificial intelligence (AI) and high-performance compute (HPC) sectors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
