Kevin Dede, an analyst from H.C. Wainwright, reiterated the Buy rating on MARA Holdings. The associated price target remains the same with $28.00.
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Kevin Dede has given his Buy rating due to a combination of factors that highlight MARA Holdings’ strategic initiatives and financial performance. The company reported a significant increase in revenue for the third quarter of 2025, driven by a higher average bitcoin price, which indicates strong operational performance. Additionally, MARA’s strategic partnerships, such as the one with MPLX for securing low-cost natural gas, demonstrate a commitment to expanding its power generation capabilities.
Moreover, MARA is actively pursuing diversification through initiatives like AI inference offerings and maintaining a substantial bitcoin treasury. Despite concerns about the company’s varied objectives and the challenges in categorizing its operations, the potential for growth in its energy and mining businesses supports the Buy rating. The market’s valuation of MARA’s assets, including its bitcoin treasury and mining capacity, suggests that the company’s current stock price may not fully reflect its future potential, justifying the $28 price target.
Dede covers the Technology sector, focusing on stocks such as DeFi Technologies, Applied Digital Corporation, and Canaan. According to TipRanks, Dede has an average return of 17.0% and a 42.83% success rate on recommended stocks.
In another report released today, Rosenblatt Securities also reiterated a Buy rating on the stock with a $22.00 price target.