MARA Slumps on Weak Bitcoin Prices and Analyst Downgrade Pressure
MARA Holdings Inc.'s (MARA) stock price dropped by 4.8% on September 25, 2026, due to a combination of factors.
The main reason for this decline is the softening of Bitcoin prices and lingering pressure from a recent analyst downgrade.
On September 14, an analyst at a major bank downgraded MARA to Underweight with a price target of $11, citing concerns about the company's capital-light AI and high-performance computing strategy.
The decline in Bitcoin prices also contributed to the drop in MARA's stock price, as the company is closely linked to the cryptocurrency market.