Marathon Digital Holdings (MARA – Research Report), the Financial sector company, was revisited by a Wall Street analyst yesterday. Analyst Gregory Lewis from BTIG maintained a Buy rating on the stock and has a $27.00 price target.
Gregory Lewis’s rating is based on the anticipation of significant revenue growth for Marathon Digital Holdings in the coming years. The company is expected to see an increase in revenue to approximately $912 million in FY2025 and $1.1 billion in FY2026, driven by continued expansion in exahash (EH) capacity and improvements in operational efficiencies. This growth is supported by assumptions of rising Bitcoin prices and increasing global hash rates, as larger miners expand their operations and upgrade their equipment.
Additionally, Marathon Digital Holdings is trading at a relatively low multiple of its projected 2026 EBITDA, which suggests potential undervaluation. The price target of $27 reflects a valuation of about 12 times the estimated 2026 EBITDA, indicating confidence in the company’s future profitability. These factors combined contribute to the Buy rating, as they highlight the potential for strong financial performance and stock appreciation.
In another report released on February 27, H.C. Wainwright also reiterated a Buy rating on the stock with a $28.00 price target.
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