Morgan Stanley Initiates Coverage on MARA Holdings, Inc. (MARA)

MARA Holdings, Inc. (NASDAQ:MARA) is among the 11 Best Bitcoin and Blockchain Stocks to Invest in.

MARA Holdings, Inc. (NASDAQ:MARA) is among the Best Bitcoin Stocks.  

On February 9, Morgan Stanley started coverage of MARA Holdings, Inc. (NASDAQ:MARA) with an Underweight rating and an $8 price target. The corporation pointed out that share value is heavily influenced by bitcoin mining economics and that conversions from bitcoin mining to data centers provide less growth potential. The analyst also stated that many installations are leased from third parties, restricting power access.

On the other hand, Piper Sandler kept its Overweight rating on the stock while lowering its price goal to $16 from $26 on January 14, 2026, ahead of quarterly reports.

Revenues in the most recent quarter totaled $252 million, representing a 92% increase year over year. Net profits improved to $123 million in Q3 2024 from a $125 million loss the year before. Bitcoin holdings soared 98% year-on-year to 52,850 by the end of Q3 2024, up from 26,747.

The digital asset technology company MARA Holdings, Inc. (NASDAQ:MARA) mines cryptocurrency, concentrating on the Bitcoin ecosystem. It also includes providing proprietary software or technology to other businesses involved in the Bitcoin ecosystem, as well as owning and running data centers or Bitcoin mining facilities.

While we acknowledge the potential of MARA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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