Chardan Capital Downgrades Marathon Digital Holdings to Neutral, Maintains $15 Price Target
Portfolio Pulse from Benzinga Newsdesk
Chardan Capital analyst Brian Dobson has downgraded Marathon Digital Holdings (NASDAQ:MARA) from Buy to Neutral, while maintaining a $15 price target.
August 07, 2023 | 1:30 pm
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NEGATIVE IMPACT
Marathon Digital Holdings has been downgraded from Buy to Neutral by Chardan Capital, with a maintained price target of $15.
The downgrade from Buy to Neutral by Chardan Capital indicates a less optimistic outlook for Marathon Digital Holdings. This could potentially lead to a decrease in demand for the stock, negatively impacting its price in the short term. However, the maintained price target of $15 suggests that the analyst still sees some value in the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100