What 4 Analyst Ratings Have To Say About Marathon Digital Holdings

4 analysts have expressed a variety of opinions on Marathon Digital Holdings MARA over the past quarter, offering a diverse set of opinions from bullish to bearish.

The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.

Insights from analysts' 12-month price targets are revealed, presenting an average target of $29.0, a high estimate of $35.00, and a low estimate of $24.00. Observing a 24.3% increase, the current average has risen from the previous average price target of $23.33.

Exploring Analyst Ratings: An In-Depth Overview

The standing of Marathon Digital Holdings among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Marathon Digital Holdings. This information provides a snapshot of how analysts perceive the current state of the company.
• Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Marathon Digital Holdings compared to the broader market.
• Price Targets: Delving into movements, analysts provide estimates for the future value of Marathon Digital Holdings's stock. This analysis reveals shifts in analysts' expectations over time.

To gain a panoramic view of Marathon Digital Holdings's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.

Stay up to date on Marathon Digital Holdings analyst ratings.

Unveiling the Story Behind Marathon Digital Holdings

Marathon Digital Holdings Inc focuses on mining digital assets. It owns crypto-currency mining machines and a data center to mine digital assets. The company currently operates in the Digital Currency Blockchain segment. The Crypto-currency Machines are located in the United States.

Marathon Digital Holdings's Financial Performance

Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.

Revenue Growth: Marathon Digital Holdings's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2023, the company achieved a revenue growth rate of approximately 671.07%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.

Net Margin: Marathon Digital Holdings's net margin excels beyond industry benchmarks, reaching 65.55%. This signifies efficient cost management and strong financial health.

Return on Equity (ROE): Marathon Digital Holdings's ROE stands out, surpassing industry averages. With an impressive ROE of 7.95%, the company demonstrates effective use of equity capital and strong financial performance.

Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 4.65%, the company showcases effective utilization of assets.

Debt Management: Marathon Digital Holdings's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.32.

What Are Analyst Ratings?

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.

This article was generated by Benzinga's automated content engine and reviewed by an editor.