JP Morgan Maintains Underweight on Marathon Digital Holdings, Raises Price Target to $16.5
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Reginald Smith maintains an Underweight rating on Marathon Digital Holdings (MARA) and raises the price target from $16 to $16.5.

April 10, 2024 | 12:34 pm
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JP Morgan analyst Reginald Smith maintains an Underweight rating on Marathon Digital Holdings but raises the price target from $16 to $16.5.
The adjustment in price target by JP Morgan suggests a slightly more optimistic outlook on MARA's future performance, despite maintaining an Underweight rating. This could lead to mixed reactions in the short term, as the market digests both the maintained Underweight rating and the increased price target. The direct mention and specific action taken by a major financial institution like JP Morgan significantly impacts investor perception and could influence MARA's stock price movement in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100