MARA stock price target raised to $203 from $175 at UBS on higher refining earnings

Investing.com - UBS raised its price target on MARA Holdings Inc (NASDAQ:MARA) to $203.00 from $175.00 while maintaining a Buy rating on the stock. The company, currently trading at $18.25 with a market cap of $6.44 billion, has shown significant volatility with a beta of 6.55. InvestingPro analysis reveals 12 additional key insights about MARA’s financial health and growth prospects.

The firm adjusted its second-quarter 2025 earnings per share estimate to $3.03, compared to the Street consensus of $3.48 and its previous estimate of $2.99.

UBS expects MARA to report adjusted EBITDA of $3,021 million in the second quarter of 2025, up from $1,975 million in the first quarter, with higher refining driving positive revisions.

The analyst models capital expenditures of $502 million for the second quarter of 2025, along with share buybacks of $750 million, noting that MARA "could surprise to the upside" on buybacks.

UBS also raised its 2026 and 2027 estimates for MARA based on expectations for higher refining earnings.

In other recent news, Marathon Digital Holdings reported its bitcoin production figures for May 2025, showing a 38% increase in blocks mined and a 35% rise in bitcoin produced compared to April. This resulted in a total of 950 bitcoins produced for the month, pushing the company’s holdings to over 49,000 BTC. Additionally, Marathon Digital announced its goal to reach a hashrate of 75 exahash per second by the end of 2025, marking a significant growth from 2024 levels. The company currently has 1.7 gigawatts of captive capacity, with 1.1 GW operational.

In a strategic move, Marathon Digital appointed Nir Rikovitch as Chief Product Officer to enhance its product strategy and commercialization efforts. The company is also collaborating with TAE Power Solutions to develop an advanced energy system aimed at improving load management for data centers and cryptocurrency mining operations. This joint effort will focus on creating a 10MW clean energy storage network for efficient power use.

Furthermore, Marathon Digital Holdings experienced a stock increase alongside other crypto-related companies, following Circle Internet Group’s successful IPO. The positive market response to Circle’s offering appears to have bolstered investor confidence in the cryptocurrency sector. These developments reflect Marathon Digital’s ongoing efforts to strengthen its operations and strategic positioning in the digital energy and infrastructure industry.

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