JPMorgan analyst Reginald Smith lowered the firm’s price target on Mara Holdings (MARA) to $20 from $22 and keeps an Overweight rating on the shares. The firm updated bitcoin miner ratings and price targets to reflect changes in bitcoin mining profitability, and upside from high performance compute colocation and cloud services. JPMorgan increased targets for miners with HPC exposure, citing credit for their budding cloud services and/or colocation businesses, where it assigns a 50% probability each signs an agreement for available excess power capacity.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MARA:
- MARA Holdings’ Stock Soars Amid Strategic Moves
- Crypto Currents: Bullish secures New York BitLicense from NYDFS
- Notable open interest changes for September 19th
- Mara Holdings call volume above normal and directionally bullish
- Crypto Currents: U.S. lawmakers discuss bitcoin reserve with industry leaders