MARA stock price target lowered to $21 by Cantor Fitzgerald

Investing.com - Cantor Fitzgerald lowered its price target on MARA Holdings Inc (NASDAQ:MARA) to $21.00 from $30.00 on Wednesday, while maintaining an Overweight rating on the stock.

The price target reduction comes as MARA announced a joint initiative with MPLX LP, a company formed by Marathon Petroleum Corporation, to develop and operate integrated power generation facilities. Under this arrangement, MPLX will provide long-term access to low-cost natural gas power, while MARA will develop on-site power generation and compute infrastructure.

Cantor Fitzgerald noted that MARA appears "extremely focused on diversifying its business," shifting away from previous investments in direct-to-chip liquid cooling with its 2-phase immersion cooling technology. The company is now concentrating on co-locating inference compute with Bitcoin mining.

The research firm expressed support for MARA’s current diversification strategy, stating that if successful, "MARA’s business could be significantly bigger." However, Cantor Fitzgerald does not expect any non-Bitcoin mining investments to impact financials until 2027 at the earliest.

The lower price target reflects "the recent move lower in Bitcoin," according to Cantor Fitzgerald, though the firm maintained its Overweight rating on MARA stock.

In other recent news, Marathon Digital Holdings Inc. reported impressive third-quarter earnings for 2025, which surprised the market by significantly exceeding analyst expectations. The company posted an earnings per share of $0.27, surpassing the anticipated loss of $0.10. Additionally, Marathon Digital’s revenue slightly exceeded projections, coming in at $252.4 million compared to the expected $251.76 million. Despite these positive results, Rosenblatt adjusted its price target for MARA Holdings Inc., lowering it to $22 from $25, while maintaining a Buy rating. This adjustment was attributed to Marathon’s underperformance relative to its peers, even though the company has shown new power capacity and a strategic shift towards artificial intelligence operations. These developments highlight the company’s ongoing efforts to adapt and grow in a competitive environment.

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