Cantor Fitzgerald maintains Overweight rating on MARA stock amid record revenue

Published 30/07/2025, 16:32
Cantor Fitzgerald maintains Overweight rating on MARA stock amid record revenue

Investing.com - Cantor Fitzgerald has reiterated its Overweight rating and $39.00 price target on MARA Holdings Inc (NASDAQ:MARA) following the company’s second-quarter 2025 results.

MARA delivered record revenue of $238.5 million in the second quarter, representing a 64% year-over-year increase, alongside quarterly adjusted EBITDA margin expansion of approximately 970 basis points to 22.2%.

The Bitcoin mining company achieved revenue per Bitcoin mined of approximately $101,000 in Q2 2025 and is positioned for strong sequential growth in the third quarter with Bitcoin currently trading at around $117,000 and plans to increase its hash rate to 75 EH/S by year-end from the current 57.4 EH/S.

MARA recently raised $950 million through a convertible offering, providing capital for potential infrastructure acquisitions or Bitcoin purchases. The company has strengthened its position as the second-largest corporate holder of Bitcoin with its holdings now exceeding 50,000 BTC.

Management continues to position MARA as a load balancing technology for AI and high-performance computing, though Cantor Fitzgerald notes this initiative remains in the incubation phase. For detailed analysis of MARA’s strategic initiatives and comprehensive financial metrics, access the full InvestingPro Research Report, part of our coverage of 1,400+ US stocks.

In other recent news, Marathon Digital Holdings reported a record-breaking second quarter for 2025. The company’s revenues reached $238.5 million, marking a 64% increase from the previous year. Marathon Digital surprised the market by posting earnings per share of $1.84, significantly exceeding the forecasted loss of $0.22. These developments are notable as they highlight the company’s strong financial performance. Despite this positive outcome, investors remain cautious, considering future guidance and market conditions. The company’s stock saw a decline in aftermarket trading, although this movement is not the focus here. Analysts and investors alike are closely monitoring Marathon Digital’s strategic directions and market responses. These recent developments underscore the dynamic nature of the company’s financial and operational landscape.

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