Marathon Digital (MARA) Stock Forecast, Price Target & Predictions


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MARA Stock Forecast


Marathon Digital stock forecast is as follows: an average price target of $31.20 (represents a 96.60% upside from MARA’s last price of $15.87) and a rating consensus of 'Buy', based on 8 wall street analysts offering a 1-year stock forecast.

MARA Price Target


The average price target for Marathon Digital (MARA) is $31.20 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $66.00 to $12.00. This represents a potential 96.60% upside from MARA's last price of $15.87.

MARA Analyst Ratings


Buy

According to 8 Wall Street analysts, Marathon Digital's rating consensus is 'Buy'. The analyst rating breakdown for MARA stock is 0 'Strong Buy' (0.00%), 4 'Buy' (50.00%), 4 'Hold' (50.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Marathon Digital Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
May 10, 2024Kevin DedeH.C. Wainwright$27.00$19.1241.21%70.13%
Mar 25, 2024Jonathan PetersenJefferies$24.00$20.9514.56%51.23%
Jan 17, 2024Gregory LewisBTIG$27.00$17.2656.43%70.13%
Jan 12, 2023-D.A. Davidson$12.00$6.6081.82%-24.39%
Sep 15, 2022Christopher BrendlerD.A. Davidson$22.00$12.6074.60%38.63%
Aug 11, 2022-Jefferies$24.00$17.0640.71%51.23%
Jun 03, 2022-BTIG$16.00$9.3471.31%0.82%
May 06, 2022-H.C. Wainwright$35.00$15.90120.13%120.54%
Mar 09, 2022Michael Del GrossoCompass Point$66.00$25.68157.01%315.88%
Jan 18, 2022Gregory LewisBTIG$50.00$26.0791.79%215.06%
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The latest Marathon Digital stock forecast, released on May 10, 2024 by Kevin Dede from H.C. Wainwright, set a price target of $27.00, which represents a 41.21% increase from the stock price at the time of the forecast ($19.12), and a 70.13% increase from MARA last price ($15.87).

Marathon Digital Price Target by Period


1M3M12M
# Anlaysts--3
Avg Price Target--$26.00
Last Closing Price$15.87$15.87$15.87
Upside/Downside-100.00%-100.00%63.83%

In the current month, the average price target of Marathon Digital stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Marathon Digital's last price of $15.87. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Aug 23, 2024H.C. WainwrightUnderperformUnderperformHold
Aug 23, 2024J.P. MorganBuyBuyHold
Aug 07, 2024B. RileyNeutralNeutralHold
Jul 12, 2024H.C. WainwrightBuyBuyHold
Jul 12, 2024B. RileyNeutralNeutralHold
Jun 20, 2024J.P. MorganBuyBuyHold
Jun 20, 2024H.C. WainwrightUnderperformUnderperformHold
May 10, 2024B. Riley SecuritiesNeutralNeutralHold
May 10, 2024NeedhamHoldHoldHold
May 10, 2024Chardan CapitalUnderperformUnderperformHold
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Marathon Digital's last stock rating was published by H.C. Wainwright on Aug 23, 2024. The company gave MARA a "Underperform" rating, the same as its previous rate.

Marathon Digital Financial Forecast


Marathon Digital Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Jun 17Mar 17Sep 16Jun 16Mar 16
Revenue-------------$97.85M$81.76M$51.13M$28.42M$12.69M-$51.72M$60.28M$51.71M$29.32M$9.15M$2.64M$368.80K$78.14K$43.11K$34.35M$2.06M
Avg Forecast$250.28M$193.32M$222.29M$190.62M$249.36M$232.33M$240.90M$209.57M$191.45M$152.34M$157.86M$182.06M$148.84M$99.61M$83.44M$48.82M$39.11M$23.43M$38.82M$51.48M$60.85M$67.37M$34.37M$11.30M$2.60M$518.00K$63.16K$30.48K$34.70M$1.90M
High Forecast$274.40M$211.95M$243.71M$208.99M$273.39M$254.72M$264.12M$229.77M$209.90M$160.74M$173.07M$199.61M$164.79M$109.21M$91.49M$53.52M$42.88M$25.69M$38.82M$62.68M$74.10M$82.03M$41.85M$13.76M$3.17M$621.60K$75.79K$36.58K$41.64M$2.28M
Low Forecast$199.64M$154.20M$177.31M$152.05M$198.90M$185.32M$192.16M$167.17M$152.71M$143.52M$125.92M$145.22M$120.66M$79.46M$66.56M$38.94M$31.19M$18.69M$38.82M$42.52M$50.27M$55.65M$28.39M$9.33M$2.15M$414.40K$50.52K$24.39K$27.76M$1.52M
# Analysts4444333345445444331364646182071613
Surprise %-------------0.98%0.98%1.05%0.73%0.54%-1.00%0.99%0.77%0.85%0.81%1.02%0.71%1.24%1.41%0.99%1.08%

Marathon Digital's average Quarter revenue forecast for Dec 23 based on 5 analysts is $148.84M, with a low forecast of $120.66M, and a high forecast of $164.79M. MARA's average Quarter revenue forecast represents a 52.11% increase compared to the company's last Quarter revenue of $97.85M (Sep 23).

Marathon Digital EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Jun 17Mar 17Sep 16Jun 16Mar 16
# Analysts4444333345445444331364646182071613
EBITDA-------------$7.98M$6.19M$3.20M$65.62M$-38.16M-$30.14M$39.88M$-53.13M$19.03M$-45.46M$-2.83M$-2.29M$-2.10M$733.23K$16.68M$-2.51M
Avg Forecast$-106.04M$-81.90M$-94.18M$-80.76M$-105.65M$-98.43M$-102.07M$-88.79M$-81.11M$-64.54M$-66.88M$-77.14M$-63.06M$-42.20M$-35.35M$-20.68M$-16.57M$-16.18M$-16.45M$9.52M$-25.78M$-14.71M$-125.91M$-4.79M$-1.10M$-1.26M$-1.71M$-4.07M$16.22M$-2.64M
High Forecast$-84.58M$-65.33M$-75.12M$-64.42M$-84.27M$-78.52M$-81.41M$-70.83M$-64.70M$-60.81M$-53.35M$-61.53M$-51.12M$-33.66M$-28.20M$-16.50M$-13.22M$-12.94M$-16.45M$11.42M$-21.30M$-11.76M$-100.73M$-3.95M$-909.97K$-1.01M$-1.37M$-3.25M$19.47M$-2.11M
Low Forecast$-116.26M$-89.80M$-103.26M$-88.54M$-115.83M$-107.92M$-111.90M$-97.35M$-88.93M$-68.10M$-73.33M$-84.57M$-69.82M$-46.27M$-38.76M$-22.68M$-18.17M$-19.41M$-16.45M$7.62M$-31.39M$-17.65M$-151.09M$-5.83M$-1.34M$-1.51M$-2.05M$-4.88M$12.98M$-3.17M
Surprise %--------------0.19%-0.18%-0.15%-3.96%2.36%-3.17%-1.55%3.61%-0.15%9.49%2.57%1.82%1.23%-0.18%1.03%0.95%

5 analysts predict MARA's average Quarter EBITDA for Dec 23 to be $-63.06M, with a high of $-51.12M and a low of $-69.82M. This is -890.22% lower than Marathon Digital's previous annual EBITDA (Sep 23) of $7.98M.

Marathon Digital Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Jun 17Mar 17Sep 16Jun 16Mar 16
# Analysts4444333345445444331364646182071613
Net Income-------------$64.14M$-19.13M$-7.24M$-406.71M$-75.42M-$-12.96M$11.53M$-22.17M$-108.88M$83.36M$-6.38M$-2.29M$-3.61M$-6.30M$7.91M$-3.89M
Avg Forecast$-15.47M$-64.65M$-35.98M$-73.21M$-10.03M$-35.21M$-3.69M$-26.80M$-62.18M$-88.50M$-26.79M$5.41M$10.63M$-29.53M$-15.88M$-23.68M$-42.84M$-20.11M$-18.44M$-29.92M$81.21M$-18.28M$-129.62M$83.36M$-2.33M$-2.83M$-2.64M$-3.68M$7.99M$-3.57M
High Forecast$-11.40M$-47.65M$-26.51M$-53.95M$-7.39M$-25.95M$-2.72M$-19.75M$-45.83M$-28.63M$-19.75M$6.09M$38.27M$-21.76M$-11.71M$-17.45M$-31.57M$-16.09M$-18.44M$-23.93M$104.19M$-14.63M$-103.70M$100.03M$-1.81M$-2.26M$-2.12M$-2.94M$9.58M$-2.86M
Low Forecast$-17.40M$-72.75M$-40.48M$-82.38M$-11.28M$-39.62M$-4.15M$-30.16M$-69.98M$-130.14M$-30.15M$3.99M$-23.39M$-33.23M$-17.87M$-26.64M$-48.21M$-24.13M$-18.44M$-35.90M$62.85M$-21.94M$-155.55M$66.69M$-2.99M$-3.40M$-3.17M$-4.41M$6.39M$-4.28M
Surprise %--------------2.17%1.20%0.31%9.49%3.75%-0.43%0.14%1.21%0.84%1.00%2.74%0.81%1.36%1.71%0.99%1.09%

Marathon Digital's average Quarter net income forecast for Dec 23 is $10.63M, with a range of $-23.39M to $38.27M. MARA's average Quarter net income forecast represents a -83.42% decrease compared to the company's last Quarter net income of $64.14M (Sep 23).

Marathon Digital SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Jun 17Mar 17Sep 16Jun 16Mar 16
# Analysts4444333345445444331364646182071613
SG&A-------------$20.14M$20.49M$15.34M$18.72M$37.31M-$3.64M$2.92M$1.81M$2.54M$733.83K$435.42K$1.63M$1.73M$2.13M$2.21M$1.94M
Avg Forecast$163.64M$126.39M$145.33M$124.63M$163.03M$151.90M$157.50M$137.02M$125.17M$99.60M$103.21M$119.03M$97.31M$65.13M$54.56M$31.92M$25.57M$1.65M$25.38M$8.40M$39.79M$1.50M$3.03M$733.83K$1.70M$338.68K$41.29K$19.93K$2.23M$1.78M
High Forecast$179.41M$138.57M$159.34M$136.64M$178.75M$166.54M$172.68M$150.23M$137.24M$105.09M$113.16M$130.51M$107.74M$71.41M$59.82M$34.99M$28.03M$1.98M$25.38M$10.08M$48.45M$1.80M$3.64M$880.59K$2.07M$406.41K$49.55K$23.92K$2.68M$2.13M
Low Forecast$130.53M$100.82M$115.93M$99.41M$130.05M$121.17M$125.63M$109.30M$99.85M$93.84M$82.33M$94.95M$78.89M$51.95M$43.52M$25.46M$20.40M$1.32M$25.38M$6.72M$32.86M$1.20M$2.42M$587.06K$1.40M$270.94K$33.03K$15.94K$1.78M$1.42M
Surprise %-------------0.31%0.38%0.48%0.73%22.67%-0.43%0.07%1.21%0.84%1.00%0.26%4.82%41.90%106.68%0.99%1.09%

Marathon Digital's average Quarter SG&A projection for Dec 23 is $97.31M, based on 5 Wall Street analysts, with a range of $78.89M to $107.74M. The forecast indicates a 383.15% rise compared to MARA last annual SG&A of $20.14M (Sep 23).

Marathon Digital EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Jun 17Mar 17Sep 16Jun 16Mar 16
# Analysts4444333345445444331364646182071613
EPS--------------$-0.11$-0.05$-3.58$-0.65-$-0.13$0.11$0.13$-2.35$2.26$-0.07$-1.62$-3.28$-6.70$8.48$-4.16
Avg Forecast$-0.06$-0.23$-0.13$-0.26$-0.04$-0.13$-0.01$-0.10$-0.22$-0.32$-0.10$0.02$0.04$-0.11$-0.06$-0.08$-0.15$-0.15$-0.07$0.23$0.35$0.42$0.16$0.02$-0.01$-2.88$-1.76$-2.30$2.00$-0.88
High Forecast$-0.04$-0.17$-0.10$-0.19$-0.03$-0.09$-0.01$-0.07$-0.16$-0.10$-0.07$0.02$0.14$-0.08$-0.04$-0.06$-0.11$-0.11$-0.07$0.29$0.45$0.55$0.21$0.03$-0.01$-2.30$-1.41$-1.84$2.40$-0.70
Low Forecast$-0.06$-0.26$-0.15$-0.30$-0.04$-0.14$-0.01$-0.11$-0.25$-0.47$-0.11$0.01$-0.08$-0.12$-0.06$-0.10$-0.17$-0.17$-0.07$0.18$0.27$0.33$0.13$0.02$-0.01$-3.46$-2.11$-2.76$1.60$-1.06
Surprise %--------------0.00%1.93%0.53%23.29%4.31%--0.57%0.32%0.31%-14.39%113.00%6.77%0.56%1.86%2.91%4.24%4.73%

According to 5 Wall Street analysts, Marathon Digital's projected average Quarter EPS for Dec 23 is $0.04, with a low estimate of $-0.08 and a high estimate of $0.14. This represents a 9437.25% increase compared to MARA previous annual EPS of - (Sep 23).

Marathon Digital Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
CLSKCleanSpark$9.15$25.33176.83%Buy
RIOTRiot Blockchain$7.10$16.14127.32%Buy
BITFBitfarms$2.04$4.26108.82%Buy
BTBTBit Digital$2.93$6.00104.78%Buy
MARAMarathon Digital$15.87$31.2096.60%Buy
HIVEHIVE Blockchain$3.05$5.0063.93%Buy
WULFTeraWulf$4.07$6.0849.39%Buy
HUTHut 8 Mining$11.42$15.7037.48%Buy

MARA Forecast FAQ


Yes, according to 8 Wall Street analysts, Marathon Digital (MARA) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 50.00% of MARA's total ratings.

Marathon Digital (MARA) average price target is $31.2 with a range of $12 to $66, implying a 96.60% from its last price of $15.87. The data is based on 8 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for MARA stock, the company can go up by 96.60% (from the last price of $15.87 to the average price target of $31.2), up by 315.88% based on the highest stock price target, and down by -24.39% based on the lowest stock price target.

MARA's average twelve months analyst stock price target of $31.2 supports the claim that Marathon Digital can reach $20 in the near future.

Marathon Digital's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $932.16M (high $1.02B, low $743.55M), average EBITDA is $-395M (high $-315M, low $-433M), average net income is $-75.731M (high $-55.811M, low $-85.218M), average SG&A $609.46M (high $668.2M, low $486.14M), and average EPS is $-0.272 (high $-0.2, low $-0.306). MARA's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $856.5M (high $939.04M, low $683.19M), average EBITDA is $-363M (high $-289M, low $-398M), average net income is $-189M (high $-140M, low $-213M), average SG&A $559.99M (high $613.96M, low $446.68M), and average EPS is $-0.679 (high $-0.501, low $-0.764).

Based on Marathon Digital's last annual report (Dec 2023), the company's revenue was $387.51M, beating the average analysts forecast of $380.71M by 1.79%. Apple's EBITDA was $52.76M, missing the average prediction of $-161M by -132.71%. The company's net income was $259.05M, missing the average estimation of $-58.461M by -543.12%. Apple's SG&A was $95.23M, missing the average forecast of $248.91M by -61.74%. Lastly, the company's EPS was $0.0013, missing the average prediction of $-0.21 by -100.62%. In terms of the last quarterly report (Sep 2023), Marathon Digital's revenue was $97.85M, missing the average analysts' forecast of $99.61M by -1.77%. The company's EBITDA was $7.98M, missing the average prediction of $-42.204M by -118.91%. Marathon Digital's net income was $64.14M, missing the average estimation of $-29.531M by -317.18%. The company's SG&A was $20.14M, missing the average forecast of $65.13M by -69.07%. Lastly, the company's EPS was $0.0004, missing the average prediction of $-0.106 by -100.38%