Cantor Fitzgerald Has Lowered Expectations for Marathon Digital (NASDAQ:MARA) Stock Price

Marathon Digital (NASDAQ:MARA) had its target price cut by investment analysts at Cantor Fitzgerald from $14.00 to $12.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the business services provider’s stock. Cantor Fitzgerald’s target price suggests a potential upside of 12.68% from the stock’s current price.

Several other analysts have also recently commented on the stock. Rosenblatt Securities increased their price target on shares of Marathon Digital from $11.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Morgan Stanley decreased their price objective on Marathon Digital from $7.00 to $5.50 and set an “underweight” rating on the stock in a research report on Wednesday, July 8th. Citizens Jmp started coverage on Marathon Digital in a research report on Wednesday, June 24th. They set a “market outperform” rating and a $24.00 target price for the company. Weiss Ratings lowered Marathon Digital from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, May 12th. Finally, BTIG Research restated a “buy” rating and set a $27.00 target price on shares of Marathon Digital in a research report on Monday, June 1st. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Marathon Digital has a consensus rating of “Moderate Buy” and a consensus target price of $18.72.

Marathon Digital Stock Down 5.2%

Shares of NASDAQ MARA opened at $10.65 on Friday. Marathon Digital has a 12-month low of $6.66 and a 12-month high of $23.45. The firm’s 50-day simple moving average is $12.90 and its 200 day simple moving average is $11.03. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.99. The company has a market cap of $4.06 billion, a price-to-earnings ratio of -1.86 and a beta of 5.40.

Insider Activity at Marathon Digital

In related news, Director Douglas K. Mellinger sold 7,000 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $16.00, for a total transaction of $112,000.00. Following the sale, the director directly owned 231,618 shares in the company, valued at $3,705,888. This trade represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Frederick G. Thiel sold 27,505 shares of the stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $14.25, for a total value of $391,946.25. Following the transaction, the chief executive officer owned 4,562,009 shares of the company’s stock, valued at approximately $65,008,628.25. This trade represents a 0.60% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 109,260 shares of company stock worth $1,452,756 over the last ninety days. 0.97% of the stock is owned by corporate insiders.

Institutional Trading of Marathon Digital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ascentis Independent Advisors acquired a new position in shares of Marathon Digital in the 1st quarter worth approximately $28,000. Bogart Wealth LLC boosted its stake in shares of Marathon Digital by 4,345.1% in the 1st quarter. Bogart Wealth LLC now owns 4,045 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 3,954 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in Marathon Digital during the fourth quarter valued at $36,000. Hantz Financial Services Inc. grew its holdings in Marathon Digital by 344.8% during the 4th quarter. Hantz Financial Services Inc. now owns 5,022 shares of the business services provider’s stock worth $45,000 after acquiring an additional 3,893 shares during the period. Finally, CoreCap Advisors LLC lifted its stake in shares of Marathon Digital by 128.0% in the 2nd quarter. CoreCap Advisors LLC now owns 3,651 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 2,050 shares during the period. Institutional investors and hedge funds own 44.53% of the company’s stock.

Key Headlines Impacting Marathon Digital

Here are the key news stories impacting Marathon Digital this week:

• Positive Sentiment: MARA said it is expanding its power capacity to approximately 4.8 gigawatts, supporting its strategy to combine Bitcoin mining with AI and high-performance-computing data-center infrastructure. Management views this diversification as a way to improve the use and economics of its energy assets. MARA Q2 2026 Earnings Call Highlights
• Positive Sentiment: The company continues to pursue AI infrastructure as a complement to Bitcoin mining, potentially creating a less volatile revenue stream if data-center projects attract customers and reach commercial scale. MARA Holdings Q2 Highlights
• Neutral Sentiment: MARA’s second-quarter earnings call focused on strategic expansion and the interaction between Bitcoin mining and AI power demand. The plan could improve long-term asset utilization, but it also requires substantial capital and successful execution. MARA Q2 2026 Earnings Call Transcript
• Negative Sentiment: MARA reported a $611.3 million second-quarter net loss, while revenue fell 27% year over year to $174.9 million. Bitcoin holdings declined 29% to 35,577, reducing a key balance-sheet asset and weighing on investor confidence. MARA Bitcoin Holdings Drop as Q2 Loss Widens
• Negative Sentiment: The results missed analyst expectations: reported revenue of about $174.9 million was below the roughly $209.4 million consensus, and adjusted earnings per share also fell short of estimates. The company’s negative net margin highlights the severity of the quarter’s losses. Marathon Digital Reports Q2 Loss

About Marathon Digital

Marathon Digital Holdings, Inc is a digital asset technology company specializing in the mining and acquisition of bitcoin. Headquartered in Las Vegas, Nevada, the firm employs high-performance application-specific integrated circuit (ASIC) miners and proprietary software to secure the Bitcoin network and expand its crypto-mining footprint. Marathon Digital focuses on operational efficiency and scalability, while maintaining rigorous standards for regulatory compliance and corporate governance.

The company operates multiple large-scale mining facilities throughout North America, including sites in Texas, Montana and New York.