Clear Street lowered the firm’s price target on Mara Holdings (MARA) to $9 from $16 and keeps a Hold rating on the shares. The company announced plans to enter High-Performance Computing through a joint venture, shifting investor focus away from a challenging bitcoin-dependent Q4, the analyst tells investors in a research note. The firm said its view remains mixed, adding that it lowered its price target as it values Mara as a bitcoin miner with HPC optionality.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MARA:
- Mara Holdings call volume above normal and directionally bullish
- MARA Holdings Surges as Bold AI Pivot Splits Wall Street
- MARA, Starwood and the New HPC Bet Trending
- Mara Holdings downgraded at H.C. Wainwright on bitcoin forecast, execution risk
- Mara Holdings downgraded to Neutral from Buy at H.C. Wainwright