Mara Holdings price target raised to $20 from $17 at Rosenblatt

Rosenblatt raised the firm’s price target on Mara Holdings (MARA) to $20 from $17 and keeps a Buy rating on the shares. With bitcoin recently reaching new highs, Rosenblatt sees an opportunity in the bitcoin mining stocks, the analyst tells investors in a research note. The firm says network hashrate growth has slowed, driving a significant increase in miner economics. Rosenblatt favors Mara at current share levels and boosting estimates and targets in the space.