Risk factor
Very high price volatility
Profitability factor
Favourable price performance
About
Marathon Digital Holdings, Inc. is a technology firm specializing in digital assets. Its core business involves mining cryptocurrencies, with a strategic focus on developing the blockchain ecosystem and generating new digital assets primarily within the United States. By the close of 2021, the company held roughly 8,115 bitcoins, 4,794 of which were managed within an investment fund. Founded in 2010, the company, headquartered in Las Vegas, Nevada, adopted its current name in February 2021, having previously been known as Marathon Patent Group, Inc.
Company Valuation
Considering past and projected metrics, the stock is moderately 'expensive' compared to its peers. Specifically, the stock is neutral on EV/EBITDA.
Target Price
The average target price of MARA is 17 and suggests 20% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to increase