MARA Announces Third Quarter 2024 Results

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Marathon Digital Holdings (MARA) PT Raised to $33 at Cantor Fitzgerald

November 13, 2024 7:20 AM EST

Cantor Fitzgerald analyst Brett Knoblauch raised the price target on Marathon Digital Holdings (NASDAQ: MARA) to $33.00 (from $21.00) while maintaining a Overweight rating.

The analyst comments "MARA reported $131.6m in revenue during the quarter, representing a 34.5% y/y increase. As of October 30, MARA's hash rate increased to 40.2 EH/S, making it the first Bitcoin mining company to cross the 40 EH/S milestone. MARA now believes it will be able to reach its 50 EH/S target by the middle-to-end of December. Adjusted EBITDA for the quarter was... More