- Bitcoin miners experienced a 7.4% drop in profitability in March amid an 11.2% decline in Bitcoin prices.
- MARA Holdings (MARA, Financial) led production efforts, mining 829 Bitcoin with the largest installed hashrate.
- Analysts forecast a 74.13% upside for MARA with an average target price of $22.05.
Bitcoin miners confronted a tough March, as their profitability slipped by 7.4% following an 11.2% fall in Bitcoin prices. Despite these challenges, U.S.-listed miners, including MARA Holdings (MARA), managed to ramp up production, totaling 3,534 Bitcoin. MARA emerged as the leader, producing 829 BTC and boasting the largest installed hashrate.
Wall Street Analysts Forecast
According to the one-year price targets from 11 analysts, MARA Holdings Inc (MARA, Financial) is projected to reach an average price of $22.05, with high estimates of $30.00 and low estimates of $13.00. This average target indicates a potential upside of 74.13% from the current price of $12.66. Investors can explore more detailed forecast data on the MARA Holdings Inc (MARA) Forecast page.
Brokerage Recommendations
The consensus from 15 brokerage firms rates MARA Holdings Inc (MARA, Financial) with an average brokerage recommendation of 2.5, suggesting an "Outperform" status. This recommendation scale ranges from 1 to 5, where 1 signifies a Strong Buy, and 5 denotes a Sell.
GuruFocus Metrics
Per GuruFocus estimates, the projected GF Value for MARA Holdings Inc (MARA, Financial) over the next year stands at $21.65. This estimate suggests a potential upside of 71.01% from the current price of $12.66. GF Value is GuruFocus' estimation of the stock's fair trading value, based on historical trading multiples, past business growth, and future performance projections. For more detailed insights, visit the MARA Holdings Inc (MARA) Summary page.
