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. Stock
€187.70
-0.770%
With 33 Buy predictions and not a single Sell prediction JPMorgan Chase & Co. is an absolute favorite of our community.
As a result the target price of 202 € shows a slightly positive potential of 7.62% compared to the current price of 187.7 € for JPMorgan Chase & Co..
