JP Morgan Maintains Underweight on Marathon Digital Holdings, Lowers Price Target to $12
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 $14 to $12.
August 23, 2024 | 1:21 pm
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NEGATIVE IMPACT
JP Morgan has maintained its Underweight rating on Marathon Digital Holdings and reduced the price target from $14 to $12, indicating a bearish outlook.
The reduction in price target from $14 to $12 by JP Morgan suggests a negative outlook on Marathon Digital Holdings' stock performance. The Underweight rating further indicates that the analyst expects the stock to underperform relative to the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100