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 $25.75 (represents a 28.33% upside from MARA’s last price of $20.07) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.

MARA Price Target

The average price target for Marathon Digital (MARA) is $25.75 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $33.00 to $22.00. This represents a potential 28.33% upside from MARA's last price of $20.07.

MARA Analyst Ratings

Buy

According to 11 Wall Street analysts, Marathon Digital's rating consensus is 'Buy'. The analyst rating breakdown for MARA stock is 0 'Strong Buy' (0.00%), 6 'Buy' (54.55%), 5 'Hold' (45.45%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Marathon Digital Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Nov 21, 2024	Chase White	Compass Point	$25.00	$24.18	3.39%	24.60%
Nov 13, 2024	Brett Knoblauch	Cantor Fitzgerald	$33.00	$17.03	93.78%	64.47%
Oct 14, 2024	Gautam Chhugani	Bernstein	$23.00	$16.08	43.03%	14.63%
Oct 10, 2024	Brett Knoblauch	Cantor Fitzgerald	$21.00	$15.44	36.01%	4.66%
Sep 25, 2024	Paul Golding	Macquarie	$22.00	$16.41	34.06%	9.64%
May 10, 2024	Kevin Dede	H.C. Wainwright	$27.00	$19.12	41.21%	34.56%
Mar 25, 2024	Jonathan Petersen	Jefferies	$24.00	$20.95	14.56%	19.61%
Jan 17, 2024	Gregory Lewis	BTIG	$27.00	$17.26	56.43%	34.56%
Jan 12, 2023		D.A. Davidson	$6.00	$3.30	81.82%	-70.10%
Sep 15, 2022	Christopher Brendler	D.A. Davidson	$22.00	$12.60	74.60%	9.64%
Aug 11, 2022		Jefferies	$24.00	$17.06	40.71%	19.61%
Jun 03, 2022		BTIG	$16.00	$9.34	71.31%	-20.26%
May 06, 2022		H.C. Wainwright	$17.50	$7.95	120.13%	-12.78%
Mar 09, 2022	Michael Del Grosso	Compass Point	$33.00	$12.84	157.01%	64.47%
Jan 18, 2022	Gregory Lewis	BTIG	$50.00	$26.07	91.79%	149.19%

The latest Marathon Digital stock forecast, released on Nov 21, 2024 by Chase White from Compass Point, set a price target of $25.00, which represents a 3.39% increase from the stock price at the time of the forecast ($24.18), and a 24.60% increase from MARA last price ($20.07).

Marathon Digital Price Target by Period

	1M	3M	12M
# Anlaysts	1	5	8
Avg Price Target	$25.00	$24.80	$25.25
Last Closing Price	$20.07	$20.07	$20.07
Upside/Downside	24.60%	23.60%	25.84%

In the current month, the average price target of Marathon Digital stock is $25.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 24.60% increase as opposed to Marathon Digital's last price of $20.07. This month's average price target is up 0.81% compared to last quarter, and down -0.99% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Nov 13, 2024	Cantor Fitzgerald	Overweight	Overweight	Hold
Oct 14, 2024	Bernstein	Market Perform	Market Perform	Hold
Oct 10, 2024	Macquarie	Buy	Buy	Hold
Oct 10, 2024	Cantor Fitzgerald	Underperform	Underperform	Hold
Oct 10, 2024	Cantor Fitzgerald		Overweight	Initialise
Sep 24, 2024	Macquarie		Outperform	Initialise
Aug 23, 2024	J.P. Morgan	Buy	Buy	Hold
Aug 23, 2024	H.C. Wainwright	Underperform	Underperform	Hold
Aug 07, 2024	B. Riley	Neutral	Neutral	Hold
Jul 12, 2024	H.C. Wainwright	Buy	Buy	Hold
Jul 12, 2024	B. Riley	Neutral	Neutral	Hold
Jun 20, 2024	H.C. Wainwright	Underperform	Underperform	Hold
Jun 20, 2024	J.P. Morgan	Buy	Buy	Hold
May 10, 2024	Needham	Hold	Hold	Hold
May 10, 2024	B. Riley Securities	Neutral	Neutral	Hold
May 10, 2024	Chardan Capital	Underperform	Underperform	Hold
May 10, 2024	H.C. Wainwright	Buy	Buy	Hold
Jan 17, 2024	BTIG	Neutral	Buy	Upgrade
Sep 23, 2022	BTIG	Buy	Neutral	Downgrade
Aug 11, 2022	Jefferies	Buy	Buy	Hold
Jul 12, 2022	B. Riley Securities	Neutral	Neutral	Hold
Jun 24, 2022	Cowen & Co.		Market Perform	Initialise
Jun 03, 2022	BTIG	Buy	Buy	Hold
Mar 09, 2022	Compass Point	Buy	Buy	Hold
Jan 18, 2022	BTIG		Buy	Initialise

Marathon Digital's last stock rating was published by Cantor Fitzgerald on Nov 13, 2024. The company gave MARA a "Overweight" rating, the same as its previous rate.

Marathon Digital Financial Forecast

Marathon Digital Revenue Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Mar 17	Mar 16	Mar 15	Jun 14
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	$97.85M	$81.76M	$51.13M	$28.42M	$12.69M	$24.92M	$51.72M	$60.28M	$51.71M	$29.32M	$9.15M	$2.64M	$78.14K	$2.06M	$4.09M	$3.82M
Avg Forecast	$227.49M	$220.92M	$230.44M	$220.35M	$263.36M	$248.90M	$238.83M	$220.72M	$183.31M	$140.26M	$157.84M	$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	$63.16K	$1.90M	$1.20M	$3.00M
High Forecast	$274.26M	$266.33M	$277.81M	$265.65M	$317.49M	$300.06M	$287.92M	$248.60M	$202.62M	$169.09M	$157.85M	$182.06M	$164.79M	$100.69M	$100.60M	$58.85M	$47.15M	$23.43M	$38.82M	$51.48M	$60.85M	$67.37M	$34.37M	$11.30M	$2.60M	$75.79K	$2.28M	$1.44M	$3.60M
Low Forecast	$186.33M	$180.95M	$188.75M	$180.48M	$215.71M	$203.86M	$195.62M	$192.84M	$154.27M	$114.88M	$157.83M	$182.06M	$120.66M	$98.53M	$68.35M	$39.98M	$32.03M	$23.43M	$38.82M	$51.48M	$60.85M	$67.37M	$34.37M	$11.30M	$2.60M	$50.52K	$1.52M	$962.35K	$2.40M
# Analysts	2	2	2	2	1	1	1	4	6	3	4	4	5	4	4	4	3	3	3	3	4	4	4	4	4	20	13	17	14
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.98%	0.98%	1.05%	0.73%	0.54%	0.64%	1.00%	0.99%	0.77%	0.85%	0.81%	1.02%	1.24%	1.08%	3.40%	1.27%

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 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Mar 17	Mar 16	Mar 15	Jun 14
# Analysts	2	2	2	2	1	1	1	4	6	3	4	4	5	4	4	4	3	3	3	3	4	4	4	4	4	20	13	17	14
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	$7.98M	$6.19M	$3.20M	$65.62M	$-38.16M	$-88.62M	$30.14M	$39.88M	$-53.13M	$19.03M	$-45.46M	$-2.83M	$-2.10M	$-2.51M	$-3.70M	$624.63K
Avg Forecast	$-87.67M	$-85.14M	$-88.81M	$-84.92M	$-101.49M	$-95.92M	$-92.04M	$-85.06M	$-70.65M	$-54.06M	$-60.83M	$-70.16M	$-57.36M	$-38.39M	$-32.16M	$-18.81M	$-15.07M	$-9.93M	$-16.45M	$9.52M	$-25.78M	$-28.54M	$-14.56M	$-4.79M	$-1.10M	$-1.71M	$-2.64M	$-5.23M	$452.26K
High Forecast	$-71.81M	$-69.74M	$-72.74M	$-69.56M	$-83.13M	$-78.57M	$-75.39M	$-74.32M	$-59.45M	$-44.28M	$-60.82M	$-70.16M	$-46.50M	$-37.97M	$-26.34M	$-15.41M	$-12.34M	$-9.93M	$-16.45M	$11.42M	$-25.78M	$-28.54M	$-14.56M	$-4.79M	$-1.10M	$-1.37M	$-2.11M	$-4.19M	$542.72K
Low Forecast	$-105.69M	$-102.64M	$-107.07M	$-102.38M	$-122.36M	$-115.64M	$-110.96M	$-95.81M	$-78.09M	$-65.17M	$-60.83M	$-70.16M	$-63.51M	$-38.81M	$-38.77M	$-22.68M	$-18.17M	$-9.93M	$-16.45M	$7.62M	$-25.78M	$-28.54M	$-14.56M	$-4.79M	$-1.10M	$-2.05M	$-3.17M	$-6.28M	$361.81K
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.21%	-0.19%	-0.17%	-4.35%	3.84%	5.39%	3.17%	-1.55%	1.86%	-1.31%	9.49%	2.57%	1.23%	0.95%	0.71%	1.38%

5 analysts predict MARA's average Quarter EBITDA for Dec 23 to be $-57.36M, with a high of $-46.50M and a low of $-63.51M. This is -818.80% lower than Marathon Digital's previous annual EBITDA (Sep 23) of $7.98M.

Marathon Digital Net Income Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Mar 17	Mar 16	Mar 15	Jun 14
# Analysts	2	2	2	2	1	1	1	4	6	3	4	4	5	4	4	4	3	3	3	3	4	4	4	4	4	20	13	17	14
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	$64.14M	$-19.13M	$-7.24M	$-406.71M	$-75.42M	$-191.65M	$-12.96M	$11.53M	$-22.17M	$-108.88M	$83.36M	$-6.38M	$-3.61M	$-3.89M	$-4.78M	$-321.02K
Avg Forecast	$12.83M	$9.64M	$17.23M	$7.14M	$15.16M	$61.05K	$7.27M	$-776.88K	$-47.62M	$-99.64M	$-37.43M	$5.73M	$11.25M	$-31.26M	$-16.81M	$-25.06M	$-45.34M	$-42.05M	$-19.18M	$-29.92M	$96.98M	$118.44M	$45.52M	$83.36M	$-2.79M	$-2.64M	$-3.57M	$-6.69M	$-231.46K
High Forecast	$16.26M	$12.21M	$21.83M	$9.05M	$19.21M	$77.37K	$9.22M	$-594.15K	$-19.61M	$-76.20M	$-28.63M	$5.79M	$40.51M	$-23.90M	$-12.86M	$-19.16M	$-34.68M	$-42.05M	$-19.18M	$-23.93M	$96.98M	$118.44M	$45.52M	$100.03M	$-2.79M	$-2.12M	$-2.86M	$-5.36M	$-185.16K
Low Forecast	$9.81M	$7.37M	$13.17M	$5.46M	$11.60M	$46.69K	$5.56M	$-984.48K	$-75.64M	$-126.26M	$-47.43M	$5.67M	$-24.75M	$-39.61M	$-21.30M	$-31.75M	$-57.46M	$-42.05M	$-19.18M	$-35.90M	$96.98M	$118.44M	$45.52M	$66.69M	$-2.79M	$-3.17M	$-4.28M	$-8.03M	$-277.75K
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-2.05%	1.14%	0.29%	8.97%	1.79%	9.99%	0.43%	0.12%	-0.19%	-2.39%	1.00%	2.29%	1.36%	1.09%	0.71%	1.39%

Marathon Digital's average Quarter net income forecast for Dec 23 is $11.25M, with a range of $-24.75M to $40.51M. MARA's average Quarter net income forecast represents a -82.46% decrease compared to the company's last Quarter net income of $64.14M (Sep 23).

Marathon Digital SG&A Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Mar 17	Mar 16	Mar 15	Jun 14
# Analysts	2	2	2	2	1	1	1	4	6	3	4	4	5	4	4	4	3	3	3	3	4	4	4	4	4	20	13	17	14
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	$20.14M	$20.49M	$15.34M	$18.72M	$37.31M	$12.64M	$3.64M	$2.92M	$1.81M	$2.54M	$733.83K	$435.42K	$1.73M	$1.94M	$3.47M	$1.45M
Avg Forecast	$148.74M	$144.44M	$150.67M	$144.07M	$172.19M	$162.73M	$156.15M	$144.31M	$119.85M	$91.71M	$103.20M	$119.03M	$97.31M	$65.13M	$54.56M	$31.92M	$25.57M	$15.32M	$25.38M	$8.40M	$39.79M	$44.05M	$22.47M	$733.83K	$1.70M	$41.29K	$1.78M	$786.50K	$1.05M
High Forecast	$179.31M	$174.13M	$181.64M	$173.68M	$207.58M	$196.19M	$188.25M	$162.54M	$132.47M	$110.56M	$103.20M	$119.03M	$107.74M	$65.84M	$65.77M	$38.48M	$30.82M	$15.32M	$25.38M	$10.08M	$39.79M	$44.05M	$22.47M	$880.59K	$1.70M	$49.55K	$2.13M	$943.80K	$1.26M
Low Forecast	$121.83M	$118.31M	$123.41M	$118.00M	$141.03M	$133.29M	$127.90M	$126.08M	$100.87M	$75.11M	$103.19M	$119.03M	$78.89M	$64.42M	$44.69M	$26.14M	$20.94M	$15.32M	$25.38M	$6.72M	$39.79M	$44.05M	$22.47M	$587.06K	$1.70M	$33.03K	$1.42M	$629.20K	$842.31K
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.31%	0.38%	0.48%	0.73%	2.44%	0.50%	0.43%	0.07%	0.04%	0.11%	1.00%	0.26%	41.90%	1.09%	4.41%	1.38%

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 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Mar 17	Mar 16	Mar 15	Jun 14
# Analysts	2	2	2	2	1	1	1	4	6	3	4	4	5	4	4	4	3	3	3	3	4	4	4	4	4	20	13	17	14
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$-0.11	$-0.05	$-3.58	$-0.65	$-1.75	$-0.13	$0.11	$0.13	$-2.35	$2.26	$-0.07	$-3.28	$-4.16	$-5.52	$-0.47
Avg Forecast	$0.04	$0.03	$0.06	$0.02	$0.05	-	$0.02	$-0.00	$-0.16	$-0.34	$-0.13	$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	$-1.76	$-0.88	$-0.14	$-0.08
High Forecast	$0.06	$0.04	$0.07	$0.03	$0.07	-	$0.03	$-0.00	$-0.07	$-0.26	$-0.10	$0.02	$0.14	$-0.08	$-0.04	$-0.06	$-0.12	$-0.15	$-0.07	$0.23	$0.35	$0.42	$0.16	$0.02	$-0.01	$-1.41	$-0.70	$-0.11	$-0.06
Low Forecast	$0.03	$0.02	$0.04	$0.02	$0.04	-	$0.02	$-0.00	$-0.26	$-0.43	$-0.16	$0.02	$-0.08	$-0.13	$-0.07	$-0.11	$-0.19	$-0.15	$-0.07	$0.23	$0.35	$0.42	$0.16	$0.02	$-0.01	$-2.11	$-1.06	$-0.17	$-0.10
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.00%	1.93%	0.53%	23.29%	4.31%	25.42%	-0.57%	0.32%	0.31%	-14.39%	113.00%	6.77%	1.86%	4.73%	39.43%	5.87%

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

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
CLSK	CleanSpark	$12.36	$27.00	118.45%	Buy
BITF	Bitfarms	$2.07	$4.26	105.80%	Buy
HIVE	HIVE Blockchain	$3.84	$6.50	69.27%	Buy
BTBT	Bit Digital	$4.22	$6.50	54.03%	Buy
MARA	Marathon Digital	$24.60	$25.75	4.67%	Buy
WULF	TeraWulf	$8.20	$7.90	-3.66%	Buy
RIOT	Riot Blockchain	$13.97	$9.00	-35.58%	Buy
HUT	Hut 8 Mining	$29.62	$17.63	-40.48%	Buy

MARA Forecast FAQ

Is Marathon Digital a good buy?

Yes, according to 11 Wall Street analysts, Marathon Digital (MARA) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 54.55% of MARA's total ratings.

What is MARA's price target?

Marathon Digital (MARA) average price target is $25.75 with a range of $22 to $33, implying a 28.33% from its last price of $20.07. The data is based on 11 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Marathon Digital stock go up soon?

According to Wall Street analysts' prediction for MARA stock, the company can go up by 28.33% (from the last price of $20.07 to the average price target of $25.75), up by 64.47% based on the highest stock price target, and up by 9.64% based on the lowest stock price target.

Can Marathon Digital stock reach $30?

MARA's highest twelve months analyst stock price target of $33 supports the claim that Marathon Digital can reach $30 in the near future.

What is Marathon Digital's current price target trend?

1 Wall Street analyst forecast a $25 price target for Marathon Digital (MARA) this month, up 24.60% from its last price of $20.07. Compared to the last 3 and 12 months, the average price target increased by 23.60% and increased by 25.84%, respectively.

What are Marathon Digital's analysts' financial forecasts?

Marathon Digital's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $971.81M (high $1.15B, low $808.02M), average EBITDA is $-375M (high $-311M, low $-445M), average net income is $21.72M (high $27.91M, low $16.22M), average SG&A $635.38M (high $754.55M, low $528.3M), and average EPS is $0.0736 (high $0.0946, low $0.055). MARA's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $899.2M (high $1.08B, low $736.51M), average EBITDA is $-347M (high $-284M, low $-418M), average net income is $46.84M (high $59.35M, low $35.82M), average SG&A $587.91M (high $708.77M, low $481.54M), and average EPS is $0.159 (high $0.201, low $0.121).

Did the MARA's actual financial results beat the analysts' financial forecasts?

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 $-147M by -135.96%. The company's net income was $259.05M, missing the average estimation of $-61.873M by -518.68%. 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 $-38.39M by -120.79%. Marathon Digital's net income was $64.14M, missing the average estimation of $-31.255M by -305.21%. 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%