MARA Holdings led Bitcoin mining in March despite a 7.4% drop in profitability. Analysts forecast a potential upside of 74.13%, with an average target price of $22.05. Brokerage firms recommend MARA as an “Outperform” with a consensus rating of 2.5. GuruFocus suggests a GF Value of $21.65, indicating a 71.01% potential gain.
In March, Bitcoin miners faced a 7.4% decline in profitability following an 11.2% decrease in Bitcoin prices. Despite this downturn, MARA Holdings (MARA) led the sector by mining 829 Bitcoins, capitalising on their substantial installed hashrate. Overall, U.S.-listed miners accumulated a total of 3,534 Bitcoins during this challenging period.
Wall Street analysts have provided insights indicating that MARA Holdings is expected to see its stock price average at $22.05 over the next year. This projection reflects high estimates reaching $30.00 and lower estimates at $13.00, suggesting a potential upside of 74.13% compared to the current price of $12.66. Investors can access further details on MARA’s forecast through dedicated financial analysis resources.
The consensus from 15 brokerage firms gives MARA Holdings an average recommendation of 2.5, denoting an “Outperform” stance. The rating scale ranges from 1 (Strong Buy) to 5 (Sell), indicating overall positive sentiment towards the stock among analysts.
According to GuruFocus, the projected GF Value for MARA Holdings is approximately $21.65 for the coming year. This valuation implies a significant potential upside of about 71.01% from the current trading price of $12.66. The GF Value reflects the fair trading worth of a stock, taking into account historical multiples, growth trends, and future performance forecasts. More insights can be found on the MARA Holdings summary page.
