MARA stock price target lowered to $22 by Rosenblatt on AI pivot

Investing.com - MARA Holdings Inc (NASDAQ:MARA) received a price target cut from Rosenblatt to $22 from $25, while the firm maintained its Buy rating on the cryptocurrency mining company. The new target aligns closely with InvestingPro’s Fair Value assessment, which suggests the stock is currently undervalued despite trading at $16.62, down nearly 12% over the past week.

Rosenblatt cited MARA’s significant underperformance compared to peers throughout 2025, despite the company’s third-quarter results showing substantial new power capacity and a strategic pivot toward artificial intelligence operations. While MARA’s revenue grew by 53.5% in the last twelve months to $919.17 million, InvestingPro data reveals the company is quickly burning through cash.

The firm noted that MARA’s progress was undermined by a lack of detailed information and slowing growth in its core mining business, leading to approximately 10% reduction in Rosenblatt’s estimates for the company.

Rosenblatt expressed optimism for 2026, expecting improved execution on new growth initiatives to enhance both market sentiment and the company’s outlook.

The research firm highlighted MARA’s relatively inexpensive valuation and nearly $7 billion in cash and Bitcoin on its balance sheet as factors creating an attractive risk/reward profile at current levels, with the new $22 price target based on 19 times Rosenblatt’s 2027 Adjusted EBITDA estimate.

In other recent news, Marathon Digital Holdings Inc. reported impressive third-quarter earnings for 2025, significantly outperforming market expectations. The company achieved an earnings per share of $0.27, a notable improvement compared to the anticipated loss of $0.10. Additionally, Marathon Digital’s revenue slightly exceeded projections, coming in at $252.4 million against the expected $251.76 million. These developments mark a significant turnaround for the company, reflecting its strong performance in the quarter. Despite these positive earnings results, Marathon’s stock price saw a decline in after-hours trading. The company’s financial results have caught the attention of investors and analysts alike, emphasizing the importance of their earnings and revenue achievements. These recent developments highlight Marathon Digital’s ability to surpass market forecasts and deliver strong financial performance.

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