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Marathon Digital (MARA) Stock Forecast & Price Target

$24.73
+1.08 (+4.57%)
(As of 07/19/2024 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

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
-20.69% Downside
High Forecast$27.00
Average Forecast$19.61
Low Forecast$8.30

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 downside of -20.69% from the current price of $24.73.

TypeCurrent Forecast
7/21/23 to 7/20/24
1 Month Ago
6/21/23 to 6/20/24
3 Months Ago
4/22/23 to 4/21/24
1 Year Ago
7/21/22 to 7/21/23
Consensus Rating
Hold
Hold
Hold
Moderate Buy
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)
3 Buy rating(s)
3 Buy rating(s)
4 Buy rating(s)
Hold
4 Hold rating(s)
4 Hold rating(s)
4 Hold rating(s)
4 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$19.33$21.11$12.25
Forecasted Upside-20.69% Downside11.48% Upside18.38% Upside29.39% Upside
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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.
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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.
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Marathon Digital Stock vs. The Competition

TypeMarathon DigitalBusiness Services CompaniesS&P 500
Consensus Rating Score
2.25
2.64
2.51
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside-20.69% Downside160.24% Upside10.04% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/12/2024B. Riley
4 of 5 stars
 Boost TargetNeutral ➝ Neutral$18.00 ➝ $20.00+2.77%
6/20/2024HC Wainwright
3 of 5 stars
 Reiterated RatingBuy ➝ Buy$27.00 ➝ $27.00+33.14%
6/4/2024JPMorgan Chase & Co.
3 of 5 stars
 Lower TargetUnderweight ➝ Underweight$16.50 ➝ $14.00-30.49%
5/10/2024Needham & Company LLC
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 Reiterated RatingHold
5/8/2024Chardan Capital
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 Lower TargetNeutral ➝ Neutral$30.00 ➝ $21.00+3.91%
1/17/2024BTIG Research
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 UpgradeNeutral ➝ Buy$27.00+51.86%
10/31/2023Sanford C. Bernstein
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 Initiated CoverageMarket Perform$8.30-6.21%
8/9/2023Compass Point
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 Lower TargetBuy ➝ Buy$21.00 ➝ $20.00+22.17%
1/12/2023DA Davidson
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 Lower TargetBuy$18.00 ➝ $12.00+123.46%
1/9/2023Jefferies Financial Group
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 DowngradeBuy ➝ Hold$12.50 ➝ $4.00-2.20%
8/23/2022Cowen
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 Boost TargetMarket Perform$7.00 ➝ $9.00-30.39%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 12:00 AM ET.

MARA Forecast - Frequently Asked Questions

What is Marathon Digital's forecast for 2024?

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.

Should I buy or sell Marathon Digital stock right now?

8 Wall Street equities 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 equities 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.

Does Marathon Digital's stock price have much upside?

According to analysts, Marathon Digital's stock has a predicted upside of 11.54% based on their 12-month stock forecasts.

What analysts cover Marathon Digital?

Marathon Digital has been rated by research analysts at B. Riley, Chardan Capital, HC Wainwright, JPMorgan Chase & Co., and Needham & Company LLC in the past 90 days.

Do Wall Street analysts like Marathon Digital more than its competitors?

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.


This page (NASDAQ:MARA) was last updated on 7/20/2024 by MarketBeat.com Staff

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