Marathon Digital (NASDAQ:MARA) Trading 2.5% Higher

Analysts Weigh In on What's Next for the Cryptocurrency Mining Company

Mar. 12, 2026 at 9:49pm

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Marathon Digital Holdings, Inc. (NASDAQ:MARA) saw its stock price rise 2.5% during mid-day trading on Thursday, with the stock reaching as high as $8.78 before closing at $8.76. The cryptocurrency mining company saw trading volume decline 20% from its average daily volume. Wall Street analysts have provided a mixed outlook on Marathon Digital, with some lowering price targets while others maintain buy ratings.

Why it matters

Marathon Digital's stock performance and analyst sentiment reflect the volatility and uncertainty in the cryptocurrency mining industry. As a major player in the space, the company's fortunes are closely tied to the overall crypto market and investor sentiment around Bitcoin and other digital assets.

The details

Several research analysts have recently adjusted their views on Marathon Digital. Piper Sandler decreased its price target from $26 to $16, while maintaining an overweight rating. JPMorgan Chase & Co. reduced its price target from $20 to $13 and kept an overweight rating. Morgan Stanley initiated coverage with an underweight rating and $8 price target. Overall, the company has a Hold rating from analysts, with a consensus price target of $20.

  • Marathon Digital's stock traded as high as $8.78 on Thursday, March 12, 2026.
  • The stock closed at $8.76 on March 12, 2026.

The players

Marathon Digital Holdings, Inc.

A digital asset technology company specializing in the mining and acquisition of Bitcoin, headquartered in Las Vegas, Nevada.

Piper Sandler

An investment bank that decreased its price target on Marathon Digital from $26 to $16 while maintaining an overweight rating.

JPMorgan Chase & Co.

A major investment bank that reduced its price target on Marathon Digital from $20 to $13 while keeping an overweight rating.

Morgan Stanley

An investment bank that initiated coverage of Marathon Digital with an underweight rating and $8 price target.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee (Instagram)

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

This case highlights growing concerns in the community about repeat offenders released on bail, raising questions about bail reform, public safety on SF streets, and if any special laws to govern autonomous vehicles in residential and commercial areas.