MARA

MARA Holdings Inc

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Advanced Chart

15.380

-0.57(-3.574%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

16.175

Open

16.040

VWAP

15.54

Vol

25.64M

Mkt Cap

5.70B

Low

15.290

Amount

398.52M

EV/EBITDA(TTM)

Total Shares

282.79M

8.20B

EV/OCF(TTM)

P/S(TTM)

7.12

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.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q3

FY2025Q4

FY2026Q1

258.46M

+96.33%

301.47M

+40.61%

327.89M

+53.3%

Estimates Revision

The market is revising Upward the revenue expectations for MARA Holdings, Inc. (MARA) for FY2025, with the revenue forecasts being adjusted by 11.79% over the past three months. During the same period, the stock price has changed by -3.57%.

Revenue Estimates for FY2025

Revise Upward

+11.79%

In Past 3 Month

Stock Price

Go Down

-3.57%

In Past 3 Month

11 Analyst Rating

53.19% Upside

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 23.56 USD with a low forecast of 16.00 USD and a high forecast of 39.00 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.

6 Buy

5 Hold

0 Sell

Moderate Buy

53.19% Upside

Current: 15.380

Low

16.00

Averages

23.56

High

39.00

53.19% Upside

Current: 15.380

Low

16.00

Averages

23.56

High

39.00

JPMorgan

Reginald Smith

Neutral -> Overweight

upgrade

$19 -> $22

2025-07-28

Reason

JPMorgan

Reginald Smith

Price Target

$19 -> $22

2025-07-28

upgrade

Neutral -> Overweight

Reason

JPMorgan analyst Reginald Smith upgraded Mara Holdings to Overweight from Neutral with a price target of $22, up from $19. The firm believes the shares are not pricing the company's revised hash-rate target for fiscal 2025, even after when factoring in capex requirements.

Cantor Fitzgerald

Overweight

maintain

$34 -> $39

2025-07-28

Reason

Cantor Fitzgerald

Price Target

$34 -> $39

2025-07-28

maintain

Overweight

Reason

Cantor Fitzgerald raised the firm's price target on Mara Holdings to $39 from $34 and keeps an Overweight rating on the shares. The publicly traded bitcoin treasury companies own, or have raised capital to acquire, 904,000 bitcoin, and this number will continue to increase given their capital market advantages, the analyst tells investors in a research note. Cantor raised price targets in the group after analyzing the bitcoin treasury companies.

Compass Point

Ed Engel

Sell

Neutral

upgrade

$18

2025-07-25

Reason

Compass Point

Ed Engel

Price Target

$18

2025-07-25

upgrade

Sell

Neutral

Reason

Compass Point analyst Ed Engel upgraded Mara Holdings to Neutral from Sell with a price target of $18, up from $9.50.

Piper Sandler

Overweight

maintain

$23 -> $26

2025-07-21

Reason

Piper Sandler

Price Target

$23 -> $26

2025-07-21

maintain

Overweight

Reason

Piper Sandler raised the firm's price target on Mara Holdings to $26 from $23 and keeps an Overweight rating on the shares. As it began more seriously exploring AI/HPC deals earlier this year, Mara Holdings halted the remaining build-out of its Corsicana mining facility and has sold its last several months' worth of bitcoin mining production. Eventually, the firm expects Mara Holdings to convert the entirety of both its Corsicana and Rockdale facilities into AI/HPC data centers as this likely proves to be the higher IRR opportunity.

BTIG

Gregory Lewis

Buy

maintain

$22

2025-06-13

Reason

BTIG

Gregory Lewis

Price Target

$22

2025-06-13

maintain

Buy

Reason

BTIG analyst Gregory Lewis says that as other companies have focused on high performance computing opportunities, CleanSpark (CLSK) has "quietly become" the second largest U.S. listed bitcoin miner by hash capacity behind Mara Holdings (MARA). Importantly, CleanSpark has outgrown most of the competition since the end of 2023 with hash capacity growth of 350% and management noted the company's existing infrastructure footprint could support over 60 EH of capacity, the analyst tells investors in a research note. Additionally, the company owns 12,500 bitcoin which puts it third in terms of bitcoin owned among the miners, says BTIG. Given management's focus on mining, the firm expects CleanSpark to gain hash capacity market share as other miners pause mining growth in favor of HPC. It keeps a Buy rating on the shares with a $22 price target.

JPMorgan

Neutral

maintain

$18 -> $19

2025-06-13

Reason

JPMorgan

Price Target

$18 -> $19

2025-06-13

maintain

Neutral

Reason

JPMorgan raised the firm's price target on Mara Holdings to $19 from $18 and keeps a Neutral rating on the shares. The firm updated bitcoin miner price targets and models to reflect the Q1 results and changes in bitcoin price and the network hashrate. JPMorgan applied a sum-of-the-parts valuation framework, which values miners based on their mining operation, land and power portfolio, and bitcoin holdings.

See All Ratings

Valuation Metrics

The current forward P/E ratio for MARA Holdings Inc (MARA.O) is 26.10, compared to its 5-year average forward P/E of 143.19. For a more detailed relative valuation and DCF analysis to assess MARA Holdings Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

143.19

Current PE

26.10

Overvalued PE

682.09

Undervalued PE

-395.71

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

15.12

Current EV/EBITDA

9.49

Overvalued EV/EBITDA

30.74

Undervalued EV/EBITDA

-0.50

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

8.80

Current PS

4.67

Overvalued PS

16.87

Undervalued PS

0.73

Financials

Annual

Quarterly

FY2025Q2

YoY :

+64.31%

238.49M

Total Revenue

FY2025Q2

YoY :

+37.03%

-160.31M

Operating Profit

FY2025Q2

YoY :

-504.79%

808.21M

Net Income after Tax

FY2025Q2

YoY :

-355.56%

1.84

EPS - Diluted

FY2025Q2

YoY :

+113.27%

-282.36M

Free Cash Flow

FY2025Q2

YoY :

-63.06%

-14.26

Gross Profit Margin - %

FY2025Q2

YoY :

-346.36%

338.89

Net Margin - %

Trading Trends

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

0-3

Months

2.2M

USD

3-6

Months

2.3M

USD

6-9

Months

2.0M

USD

0-12

Months

2.9M

USD

Bought

0-3

0.0

USD

Months

3-6

0.0

USD

Months

6-9

0.0

USD

Months

0-12

0.0

USD

Months

Hedge Fund

Hedge Funds are Neutral. There are no significant trading trends over the last quarter.

Sold

0-3

Months

0.0

Volume

3-6

Months

0.0

Volume

6-9

Months

0.0

Volume

0-12

Months

0.0

Volume

Bought

0-3

0.0

Volume

Months

3-6

0.0

Volume

Months

6-9

0.0

Volume

Months

0-12

0.0

Volume

Months

Congress Trading

Congress are Neutral. There are no significant trading trends over the last month.

Sold

0-3

Months

0.0

USD

3-6

Months

0.0

USD

6-9

Months

0.0

USD

0-12

Months

0.0

USD

Bought

0-3

0.0

USD

Months

3-6

0.0

USD

Months

6-9

0.0

USD

Months

0-12

0.0

USD

Months

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

0-3

Months

2.2M

USD

3-6

Months

2.3M

USD

6-9

Months

2.0M

USD

0-12

Months

2.9M

USD

Bought

0-3

0.0

USD

Months

3-6

0.0

USD

Months

6-9

0.0

USD

Months

0-12

0.0

USD

Months

MARA News & Events

Events Timeline

2025-08-10 (ET)

2025-08-10

12:52:39

White House 401(k) order adds new risk for retirement portfolios, Reuters says

2025-08-07 (ET)

2025-08-07

15:50:04

Trump signs order to allow 401(k) investors to access alternative assets

2025-08-04 (ET)

2025-08-04

08:19:11

Mara Holdings produces 703 bitcoin in July

News

9.5

08-08Benzinga

Block's Bitcoin Holdings Surge Under New Accounting Rules—Now Worth Nearly A Billion Dollars

4.5

08-08Benzinga

Stock Market Today: S&P 500, Nasdaq 100 Futures Rise As Trump Appoints New Fed Governor—Beauty Health, RealReal, Twilio In Focus On Q2 Earnings

8.0

08-07TipRanks

Are Trump’s New Tariffs About to Break Bitcoin Mining in the U.S.?

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FAQ

What is MARA Holdings Inc (MARA) stock price today?

The current price of MARA is 15.38 USD — it has decreased -3.57 % in the last trading day.

MARA

Market Estimates

Valuation Metrics

Forward PE

Forward EV/EBITDA

Forward PS

Financials

Trading Trends

MARA News & Events

Events Timeline

News

People Also Watch

FAQ

What is MARA Holdings Inc (MARA) stock price today?

What is MARA Holdings Inc (MARA)'s business?

What is the price predicton of MARA Stock?

What is MARA Holdings Inc (MARA)'s revenue for the last quarter?

What is MARA Holdings Inc (MARA)'s earnings per share (EPS) for the last quarter?

What changes have occurred in the market's expectations for MARA Holdings Inc (MARA)'s fundamentals?

How many employees does MARA Holdings Inc (MARA). have?

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