Why Marathon Digital Holdings Stock Surged Today
It's a good time to be a cryptocurrency investor, and by extension it's good to be an investor in cryptocurrency mining businesses.
The latest proof of that was Marathon Digital Holdings' (NASDAQ: MARA) nearly 15% pop in stock price Friday, a move sparked by an analyst price target increase but founded on continuing bullishness for anything crypto-related. By comparison, the S 500 index could only eke out a 0.6% gain that day.
The raiser was Reginald Smith of banking giant JPMorgan Chase. Before market open, Smith made an upward adjustment to his fair-value estimation of Marathon's stock. He now feels it's worth $8 per share, up from his preceding level of $7.
Source Fool.com
JPMorgan Chase & Co. Aktie
199,20 €
-0,16 %
Und JPMorgan Chase & Co. steht derzeit mit 34 Buy-Einschätzungen und keiner einzigen Sell-Einschätzung bei unserer Community hoch im Kurs.
Das Community-Kursziel von 203 € für JPMorgan Chase & Co. deutet auf ein leicht positives Wachstumspotenzial gegenüber 199.2 € hin.
