Two Cryptocurrency Stocks Benefit from Bitcoin's All-Time Highs
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
Updated: Oct 12 20250mins
Recent Performance of Bullish and MARA Holdings: Both Bullish and MARA Holdings have seen significant gains of over 30% in the past month, with Bullish launching a spot crypto exchange for U.S. institutional investors and MARA reporting a 4% increase in Bitcoin production.
Market Trends in Cryptocurrency: October has been favorable for cryptocurrencies, with Bitcoin rising 7% this month, driven by factors such as the government shutdown, which has increased interest in alternative assets like crypto and gold.
Investment Considerations: When investing in Bitcoin-related companies, it's important to assess how integral Bitcoin is to their business model, including the amount held and the potential risks associated with price fluctuations.
Stock Advisor Recommendations: The Motley Fool's Stock Advisor has identified ten top stocks for investment, notably excluding Bullish, while highlighting the historical success of their recommendations compared to the S&P 500.
MARA.O
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Analyst Views on MARA
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 23.67 USD with a low forecast of 16.00 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
6 Buy
6 Hold
0 Sell
Moderate Buy
Current: 12.440
Low
16.00
Averages
23.67
High
30.00
Current: 12.440
Low
16.00
Averages
23.67
High
30.00
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.
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.
Clear Street
Hold
downgrade
$18 -> $16
2025-11-04
Reason
Clear Street
Price Target
$18 -> $16
2025-11-04
downgrade
Hold
Reason
Clear Street lowered the firm's price target on Mara Holdings to $16 from $18 and keeps a Hold rating on the shares. The firm is lowering its 2025-2027 revenue estimates by about 13% and adjusted EBITDA by about 25% to reflect bitcoin at $104,000. While stating that Mara Holdings shifting from an asset-light miner to a vertically integrated operator is a "sound" strategy, the firm notes that execution trails peers by roughly a year.
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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
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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.
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