JP Morgan Maintains Underweight on Marathon Digital Holdings, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Reginald Smith maintains an Underweight rating on Marathon Digital Holdings (NASDAQ:MARA) and lowers the price target from $16.5 to $14.
June 04, 2024 | 1:21 pm
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NEGATIVE IMPACT
JP Morgan analyst Reginald Smith maintains an Underweight rating on Marathon Digital Holdings and lowers the price target from $16.5 to $14.
The Underweight rating and lowered price target from a major financial institution like JP Morgan is likely to negatively impact investor sentiment and could lead to a short-term decline in MARA's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100