B. Riley Securities Maintains Neutral on Marathon Digital Holdings, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Lucas Pipes maintains a Neutral rating on Marathon Digital Holdings (MARA) and lowers the price target from $19 to $18.
May 10, 2024 | 1:57 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
B. Riley Securities has maintained a Neutral rating on Marathon Digital Holdings and reduced the price target from $19 to $18.
The reduction in price target by B. Riley Securities suggests a tempered outlook on Marathon Digital Holdings' future stock performance. This adjustment reflects the analyst's revised expectations, potentially due to underlying challenges or slower growth prospects for the company. Such a move can influence investor sentiment and may lead to short-term price adjustments as the market aligns with the new valuation benchmark.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100