What's Going On With Marathon Digital And Riot Platforms Stock?
Portfolio Pulse from Erica Kollmann
Marathon Digital Holdings, Inc. (MARA) and Riot Platforms, Inc. (RIOT) shares are trading higher, influenced by Bitcoin's (BTC) rise above $45,000. Despite a challenging start to 2024 with over 17% and 20% declines respectively, and a decrease in Bitcoin production, the recent surge in Bitcoin's price has positively impacted their stock prices. MARA has an average 1-year price target of $25.5, indicating a potential upside of 31.92%, with bullish ratings from analysts.
February 08, 2024 | 3:46 pm
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POSITIVE IMPACT
Marathon Digital Holdings, Inc. shares are trading higher, buoyed by Bitcoin's price increase. The stock has a positive outlook with a 1-year price target of $25.5, indicating a potential 31.92% upside.
MARA's stock is directly influenced by Bitcoin's price movements. The recent increase in Bitcoin's price has led to a positive trading day for MARA. Analysts' bullish ratings and the set price target suggest confidence in its growth potential.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Riot Platforms, Inc. shares are trading higher, following Bitcoin's upward trend. Despite a challenging year, the recent Bitcoin price surge has had a positive impact on RIOT's stock price.
RIOT's performance is closely tied to Bitcoin's market behavior. The stock's positive movement is a direct result of Bitcoin's price increase, reflecting the company's dependency on cryptocurrency market trends.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 90