Mara Holdings Inc. (NASDAQ:MARA) is one of the most active US stocks to buy according to analysts. On December 19, Rosenblatt analyst Chris Brendler lowered the firm’s price target on Mara Holdings to $15 from $22, while keeping a Buy rating on the shares.
JPMorgan also lowered the firm’s price target on Mara Holdings to $13 from $20 with an Overweight rating on the shares earlier on November 24. This sentiment was posted as JPMorgan cited lower bitcoin prices and a higher share count for the target cut.
In Q3 2025, Mara Holdings reported a 92% revenue surge to $252.4 million, which was up from $131.6 million in the same period last year. The company achieved a turnaround in profitability and reported a net income of $123.1 million (or $0.27 per diluted share), compared to a net loss of $124.8 million in Q3 2024. This performance was driven by an 88% increase in the average price of Bitcoin and a $343.1 million gain on digital assets.
The company’s Bitcoin-related metrics showed substantial growth, with its energized hash rate increasing 64% year-over-year to 60.4 exahash per second (EH/s). Mara Holdings mined 2,144 Bitcoin during the quarter, and its total holdings grew by 98% to nearly 53,000 Bitcoin. Despite a competitive environment where global network difficulty reached all-time highs, Mara Holdings improved its operational efficiency, reducing the daily cost per petahash by 15% year-over-year. The average purchased energy cost per Bitcoin mined during the quarter was $39,235.
Mara Holdings Inc. (NASDAQ:MARA) operates as a digital asset technology company in the US and Europe. It also provides technology solutions to optimize data center operations, such as liquid immersion cooling and firmware for Bitcoin miners.
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Disclosure: None. This article is originally published at Insider Monkey.
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