Although Rosenblatt(Rosenblatt) downgraded the target stock price of MARA Holdings (NASDAQ:MARA) from $22 to $15, it still maintains a "Buy" rating. Wall Street analysts still believe the stock has the potential to recover. Rosenblatt pointed out that Bitcoin miners are under significant pressure from intense network competition and falling Bitcoin prices, but companies like MARA that diversify and venture into high-performance computing for artificial intelligence data centers may find more profitable and less correlated investment opportunities.
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Although Rosenblatt(Rosenblatt) downgraded the target stock price of MARA Holdings (NASDAQ:MARA) from $22 to $15, it still maintains a "Buy" rating. Wall Street analysts still believe the stock has the potential to recover. Rosenblatt pointed out that Bitcoin miners are under significant pressure from intense network competition and falling Bitcoin prices, but companies like MARA that diversify and venture into high-performance computing for artificial intelligence data centers may find more profitable and less correlated investment opportunities.