MARA Stock Rises on Earnings Guidance as Bitcoin Leverage Remains
MARA Holdings Inc., a company heavily leveraged to bitcoin's next big move, has seen its stock price increase by 5.64% after upbeat earnings guidance from the company.
The stock price has been trading up, but traders are still cautious due to the company's negative margins and cash burn. MARA reported holding 35,577 bitcoins worth about $2.1B at Q2 2026 prices, making it a high-beta bitcoin proxy.
Analysts have adjusted their price targets for MARA Holdings, with Cantor Fitzgerald cutting its target to $12 from $14, while Clear Street cut its target to $10 from $12. However, Morgan Stanley raised its price target to $6 from $5.50, expecting at least one high-performance computing lease deal and two site leases through the Starwood JV by year-end.
The company has also refreshed its board with two new independent directors to better align governance with its energy, digital infrastructure, and hyperscale compute strategy.