Marathon Digital (NASDAQ:MARA) Earns Buy Rating from Rosenblatt Securities

Key Points

• Rosenblatt Securities reaffirmed a “buy” rating on Marathon Digital with a $15 price target, implying approximately 40.85% upside from the reported $10.65 share price.
• Analyst sentiment is broadly favorable: eight analysts rate MARA a Buy, two a Hold and two a Sell, producing a consensus “Moderate Buy” rating and an average price target of $18.72.
• Marathon faces significant execution and financial risks, including a reported $611.3 million second-quarter net loss, a 27% year-over-year revenue decline and reduced Bitcoin holdings, while pursuing expansion into AI and high-performance-computing infrastructure.

Marathon Digital (NASDAQ:MARA - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at Rosenblatt Securities in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $15.00 target price on the business services provider's stock. Rosenblatt Securities' price objective would suggest a potential upside of 40.85% from the company's current price.

A number of other analysts have also issued reports on the company. Cantor Fitzgerald lowered their price target on Marathon Digital from $14.00 to $12.00 and set an "overweight" rating for the company in a report on Friday. BTIG Research reaffirmed a "buy" rating and set a $27.00 target price on shares of Marathon Digital in a research report on Monday, June 1st. Piper Sandler lowered their target price on Marathon Digital from $16.00 to $13.00 and set an "overweight" rating for the company in a report on Friday, July 17th. Morgan Stanley dropped their price target on Marathon Digital from $7.00 to $5.50 and set an "underweight" rating on the stock in a research report on Wednesday, July 8th. Finally, Weiss Ratings lowered Marathon Digital from a "sell (d)" rating to a "sell (d-)" rating in a research note on Tuesday, May 12th. Eight investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $18.72.

Marathon Digital Price Performance

Shares of MARA stock opened at $10.65 on Friday. The company has a market capitalization of $4.06 billion, a P/E ratio of -1.86 and a beta of 5.40. The company's 50-day simple moving average is $12.90 and its two-hundred day simple moving average is $11.03. Marathon Digital has a one year low of $6.66 and a one year high of $23.45. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.84 and a quick ratio of 1.84.

Insider Buying and Selling

In other news, General Counsel Zabi Nowaid sold 8,250 shares of the firm's stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $12.00, for a total value of $99,000.00. Following the sale, the general counsel directly owned 970,768 shares in the company, valued at approximately $11,649,216. This trade represents a 0.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Douglas K. Mellinger sold 7,000 shares of the firm's stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $16.00, for a total transaction of $112,000.00. Following the completion of the sale, the director owned 231,618 shares in the company, valued at $3,705,888. This represents a 2.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 109,260 shares of company stock worth $1,452,756 over the last ninety days. 0.97% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Marathon Digital

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Marathon Digital by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 46,706,277 shares of the business services provider's stock worth $419,422,000 after purchasing an additional 1,394,559 shares during the last quarter. State Street Corp lifted its holdings in shares of Marathon Digital by 1.4% during the 2nd quarter. State Street Corp now owns 13,455,176 shares of the business services provider's stock valued at $210,977,000 after purchasing an additional 191,380 shares during the last quarter. UBS Group AG lifted its holdings in shares of Marathon Digital by 104.1% during the 3rd quarter. UBS Group AG now owns 12,098,686 shares of the business services provider's stock valued at $220,922,000 after purchasing an additional 6,172,110 shares during the last quarter. Marex Group plc boosted its position in shares of Marathon Digital by 2.6% in the 4th quarter. Marex Group plc now owns 10,137,713 shares of the business services provider's stock worth $91,037,000 after purchasing an additional 259,210 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Marathon Digital by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 9,957,766 shares of the business services provider's stock worth $89,434,000 after purchasing an additional 251,674 shares in the last quarter. 44.53% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Marathon Digital

Here are the key news stories impacting Marathon Digital this week:

• Positive Sentiment: MARA said it is expanding its power capacity to approximately 4.8 gigawatts, supporting its strategy to combine Bitcoin mining with AI and high-performance-computing data-center infrastructure. Management views this diversification as a way to improve the use and economics of its energy assets. MARA Q2 2026 Earnings Call Highlights
• Positive Sentiment: The company continues to pursue AI infrastructure as a complement to Bitcoin mining, potentially creating a less volatile revenue stream if data-center projects attract customers and reach commercial scale. MARA Holdings Q2 Highlights
• Neutral Sentiment: MARA’s second-quarter earnings call focused on strategic expansion and the interaction between Bitcoin mining and AI power demand. The plan could improve long-term asset utilization, but it also requires substantial capital and successful execution. MARA Q2 2026 Earnings Call Transcript
• Negative Sentiment: MARA reported a $611.3 million second-quarter net loss, while revenue fell 27% year over year to $174.9 million. Bitcoin holdings declined 29% to 35,577, reducing a key balance-sheet asset and weighing on investor confidence. MARA Bitcoin Holdings Drop as Q2 Loss Widens
• Negative Sentiment: The results missed analyst expectations: reported revenue of about $174.9 million was below the roughly $209.4 million consensus, and adjusted earnings per share also fell short of estimates. The company’s negative net margin highlights the severity of the quarter’s losses. Marathon Digital Reports Q2 Loss

About Marathon Digital

Marathon Digital Holdings, Inc is a digital asset technology company specializing in the mining and acquisition of bitcoin. Headquartered in Las Vegas, Nevada, the firm employs high-performance application-specific integrated circuit (ASIC) miners and proprietary software to secure the Bitcoin network and expand its crypto-mining footprint. Marathon Digital focuses on operational efficiency and scalability, while maintaining rigorous standards for regulatory compliance and corporate governance.

The company operates multiple large-scale mining facilities throughout North America, including sites in Texas, Montana and New York.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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