Marathon Digital (MARA) Stock Forecast & Price Target

$17.29

-0.23 (-1.31%)

(As of 09/27/2024 ET)

Marathon Digital - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 8 Analyst Ratings

Sell
1

Hold
4

Buy
3

Based on 8 Wall Street analysts who have issued ratings for Marathon Digital in the last 12 months, the stock has a consensus rating of "Hold." Out of the 8 analysts, 1 has given a sell rating, 4 have given a hold rating, and 3 have given a buy rating for MARA.

Consensus Price Target

$19.61
13.44% Upside

According to the 8 analysts' twelve-month price targets for Marathon Digital, the average price target is $19.61. The highest price target for MARA is $27.00, while the lowest price target for MARA is $8.30. The average price target represents a forecasted upside of 13.44% from the current price of $17.29.

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MARA Analyst Ratings Over Time

Type	Current Forecast 9/28/23 to 9/27/24	1 Month Ago 8/29/23 to 8/28/24	3 Months Ago 6/30/23 to 6/29/24	1 Year Ago 9/28/22 to 9/28/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	2 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	3 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$19.61	$19.22	$19.33	$13.67
Forecasted Upside	13.44% Upside	12.18% Upside	-2.63% Downside	59.47% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

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MARA Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MARA Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Marathon Digital Stock vs. The Competition

Type	Marathon Digital	Business Services Companies	S&P 500
Consensus Rating Score	2.25	2.65	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	12.86% Upside	313.92% Upside	5.87% Upside
News Sentiment Rating	Neutral News See Recent MARA News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/24/2024	Macquarie 2 of 5 stars	P. Golding Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$22.00	+34.06%
8/23/2024	JPMorgan Chase & Co. 3 of 5 stars		Lower Target	Underweight ➝ Underweight	$14.00 ➝ $12.00	-29.91%
7/12/2024	B. Riley 4 of 5 stars		Boost Target	Neutral ➝ Neutral	$18.00 ➝ $20.00	+2.77%
6/20/2024	HC Wainwright Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$27.00 ➝ $27.00	+33.14%
5/10/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold
5/8/2024	Chardan Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$30.00 ➝ $21.00	+3.91%
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1/17/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$27.00	+51.86%
10/31/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform	$8.30	-6.21%
8/9/2023	Compass Point Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$21.00 ➝ $20.00	+22.17%
1/12/2023	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$18.00 ➝ $12.00	+123.46%
1/9/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$12.50 ➝ $4.00	-2.20%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 12:52 AM ET.

MARA Forecast - Frequently Asked Questions

: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Marathon Digital is $19.61, with a high forecast of $27.00 and a low forecast of $8.30.
: 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Marathon Digital in the last twelve months. There is currently 1 sell rating, 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" MARA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MARA, but not buy additional shares or sell existing shares.
: According to analysts, Marathon Digital's stock has a predicted upside of 13.44% based on their 12-month stock forecasts.
: Marathon Digital has been rated by research analysts at B. Riley, JPMorgan Chase & Co., and Macquarie in the past 90 days.
: Analysts like Marathon Digital less than other "business services" companies. The consensus rating for Marathon Digital is Hold while the average consensus rating for "business services" companies is Moderate Buy. Learn more on how MARA compares to other companies.