
MARA
MARA Holdings Inc
- Overview
- Forecast
- Valuation
- Earnings

Line
|

Candle
1D
5D
1M
3M
6M
YTD
1Y
5Y
High
16.320
Open
15.800
VWAP
15.90
Vol
46.17M
Mkt Cap
5.88B
Low
15.605
Amount
734.30M
EV/EBITDA(TTM)
--
Total Shares
282.79M
EV
8.37B
EV/OCF(TTM)
--
P/S(TTM)
7.35
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.
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Market Estimates
Earnings Estimates
Revenue
YoY Chg
EPS
YoYChg
FY2026Q1
FY2025Q4
FY2025Q3
327.89M
+53.3%
--
--
301.47M
+40.61%
--
--
258.46M
+96.33%
--
--
Estimates Revision
The market is revising Upward the revenue expectations for MARA Holdings, Inc. (MARA) for FY2025, with the revenue forecasts being adjusted by 11.46% over the past three months. During the same period, the stock price has changed by -0.06%.
Revenue Estimates for FY2025
Revise Upward

+11.46%
In Past 3 Month
Stock Price
Go Down

-0.06%
In Past 3 Month
11 Analyst Rating

48.55% 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

48.55% Upside
Current: 15.860

Low
16.00
Averages
23.56
High
39.00

48.55% Upside
Current: 15.860

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
to
Neutral
upgrade
$18
2025-07-25
Reason
Compass Point
Ed Engel
Price Target
$18
2025-07-25
upgrade
Sell
to
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 26.92, compared to its 5-year average forward P/E of 143.31. 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
143.31
Current PE
26.92
Overvalued PE
682.18
Undervalued PE
-395.56
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
15.14
Current EV/EBITDA
9.63
Overvalued EV/EBITDA
30.75
Undervalued EV/EBITDA
-0.47
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
8.75
Current PS
4.74
Overvalued PS
16.77
Undervalued PS
0.72
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 :
+115.19%
-154.98
FCF Margin - %
FY2025Q2
YoY :
-346.36%
338.89
Net Margin - %
FY2025Q2
YoY :
-0.37%
13.59
ROIC
Trading Trends
Insider
Insiders are Neutral. There are no significant trading trends over the last month.
Sold
0-3
Months
2.2M
USD
7
3-6
Months
2.3M
USD
6
6-9
Months
2.0M
USD
6
0-12
Months
2.9M
USD
11
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
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
0
3-6
Months
0.0
Volume
0
6-9
Months
0.0
Volume
0
0-12
Months
0.0
Volume
0
Bought
0-3
0
0.0
Volume
Months
3-6
0
0.0
Volume
Months
6-9
0
0.0
Volume
Months
0-12
0
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
0
3-6
Months
0.0
USD
0
6-9
Months
0.0
USD
0
0-12
Months
0.0
USD
0
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
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
7
3-6
Months
2.3M
USD
6
6-9
Months
2.0M
USD
6
0-12
Months
2.9M
USD
11
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months
MARA News & Events
Events Timeline
2025-08-12 (ET)
2025-08-12
12:40:10
Mixed options sentiment in Marathon Patent Group with shares up 0.42%

2025-08-11 (ET)
2025-08-11
17:13:31
Mara Holdings, EDF Pulse Ventures sign investment agreement

2025-08-11
15:21:27
Bullish flow in Marathon Patent Group with shares up 2.02%

Sign Up For More Events
Sign Up For More Events
News
8.5
08-11NewsfilterPinnedMARA and EDF Pulse Ventures Sign Investment Agreement in Subsidiary Exaion to Expand MARA's Global AI/HPC Capabilities
8.5
08-11SeekingAlphaPinnedMARA to buy majority stake in EDF's AI infrastructure unit for $168M in cash
8.0
08-13NASDAQ.COMNoteworthy Wednesday Option Activity: MARA, UWMC, ABNB
Sign Up For More News
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FAQ

What is MARA Holdings Inc (MARA) stock price today?
The current price of MARA is 15.86 USD — it has increased 0.89 % in the last trading day.

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?
