Marathon Digital (NASDAQ:MARA) Price Target Lowered to $12.00 at Cantor Fitzgerald

Marathon Digital (NASDAQ:MARA) had its target price decreased by research analysts at Cantor Fitzgerald from $14.00 to $12.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the business services provider’s stock. Cantor Fitzgerald’s price target would indicate a potential upside of 12.68% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Citizens Jmp initiated coverage on shares of Marathon Digital in a report on Wednesday, June 24th. They set a “market outperform” rating and a $24.00 target price for the company. Weiss Ratings downgraded Marathon Digital from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, May 12th. Morgan Stanley reduced their price objective on Marathon Digital from $7.00 to $5.50 and set an “underweight” rating for the company in a research note on Wednesday, July 8th. Rosenblatt Securities lifted their target price on Marathon Digital from $11.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, Piper Sandler dropped their price objective on Marathon Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, July 17th. Eight analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.72.

Marathon Digital Stock Performance

Shares of MARA opened at $10.65 on Friday. The firm’s 50 day moving average is $12.90 and its 200-day moving average is $11.03. The stock has a market capitalization of $4.06 billion, a P/E ratio of -1.86 and a beta of 5.40. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.84 and a quick ratio of 1.84. Marathon Digital has a 12-month low of $6.66 and a 12-month high of $23.45.

Insider Buying and Selling

In other news, Director Douglas K. Mellinger sold 7,000 shares of the company’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $16.00, for a total transaction of $112,000.00. Following the completion of the sale, the director owned 231,618 shares in the company, valued at approximately $3,705,888. This represents a 2.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Zabi Nowaid sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $14.25, for a total value of $99,750.00. Following the completion of the transaction, the general counsel directly owned 963,768 shares in the company, valued at $13,733,694. The trade was a 0.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 109,260 shares of company stock worth $1,452,756 over the last ninety days. 0.97% of the stock is currently owned by corporate insiders.

Institutional Trading of Marathon Digital

Large investors have recently modified their holdings of the company. Massachusetts Financial Services Co. MA bought a new stake in Marathon Digital in the fourth quarter valued at about $10,201,000. New York State Teachers Retirement System boosted its holdings in Marathon Digital by 28.9% during the fourth quarter. New York State Teachers Retirement System now owns 427,726 shares of the business services provider’s stock valued at $3,841,000 after purchasing an additional 95,970 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Marathon Digital by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 46,706,277 shares of the business services provider’s stock valued at $419,422,000 after purchasing an additional 1,394,559 shares during the period. Handelsbanken Fonder AB acquired a new position in shares of Marathon Digital in the 4th quarter worth approximately $831,000. Finally, Intech Investment Management LLC lifted its position in shares of Marathon Digital by 56.2% during the 4th quarter. Intech Investment Management LLC now owns 213,066 shares of the business services provider’s stock worth $1,913,000 after buying an additional 76,670 shares during the period. 44.53% of the stock is owned by institutional investors.

Key Stories Impacting Marathon Digital

Here are the key news stories impacting Marathon Digital this week:

• Positive Sentiment: MARA said it is expanding its power capacity to approximately 4.8 gigawatts, supporting its strategy to combine Bitcoin mining with AI and high-performance-computing data-center infrastructure. Management views this diversification as a way to improve the use and economics of its energy assets. MARA Q2 2026 Earnings Call Highlights
• Positive Sentiment: The company continues to pursue AI infrastructure as a complement to Bitcoin mining, potentially creating a less volatile revenue stream if data-center projects attract customers and reach commercial scale. MARA Holdings Q2 Highlights
• Neutral Sentiment: MARA’s second-quarter earnings call focused on strategic expansion and the interaction between Bitcoin mining and AI power demand. The plan could improve long-term asset utilization, but it also requires substantial capital and successful execution. MARA Q2 2026 Earnings Call Transcript
• Negative Sentiment: MARA reported a $611.3 million second-quarter net loss, while revenue fell 27% year over year to $174.9 million. Bitcoin holdings declined 29% to 35,577, reducing a key balance-sheet asset and weighing on investor confidence. MARA Bitcoin Holdings Drop as Q2 Loss Widens
• Negative Sentiment: The results missed analyst expectations: reported revenue of about $174.9 million was below the roughly $209.4 million consensus, and adjusted earnings per share also fell short of estimates. The company’s negative net margin highlights the severity of the quarter’s losses. Marathon Digital Reports Q2 Loss

About Marathon Digital

Marathon Digital Holdings, Inc is a digital asset technology company specializing in the mining and acquisition of bitcoin. Headquartered in Las Vegas, Nevada, the firm employs high-performance application-specific integrated circuit (ASIC) miners and proprietary software to secure the Bitcoin network and expand its crypto-mining footprint. Marathon Digital focuses on operational efficiency and scalability, while maintaining rigorous standards for regulatory compliance and corporate governance.

The company operates multiple large-scale mining facilities throughout North America, including sites in Texas, Montana and New York.