HC Wainwright & Co. Maintains Buy on Marathon Digital Holdings, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Kevin Dede maintains a Buy rating on Marathon Digital Holdings (MARA) but lowers the price target from $35 to $27.
May 10, 2024 | 7:02 pm
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NEUTRAL IMPACT
HC Wainwright & Co. maintains a Buy rating on Marathon Digital Holdings but reduces the price target from $35 to $27, indicating a positive outlook but with reduced short-term price expectations.
The maintenance of a Buy rating suggests a positive outlook on the company's fundamentals or growth prospects. However, the reduction in the price target could reflect a reassessment of near-term growth expectations, possibly due to market conditions or internal challenges faced by the company. This mixed signal could lead to neutral short-term price movement as investors digest both the affirmation of the company's potential and the tempered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100