MARA Holdings Stock Slides Ahead Of Q4 Earnings

MARA Holdings Inc (NASDAQ:MARA) shares are under pressure on Thursday. Investors seem to be taking a cautious stance ahead of the Bitcoin miner's quarterly earnings report due after the market close Thursday.

• MARA Holdings stock is feeling bearish pressure. What’s behind MARA decline?

Earnings Anticipation

Mara is preparing to report results after the bell, with analysts expecting a loss of 11 cents per share. The weakness on Thursday may be coming from broader uncertainty in the crypto‑mining space, where investors are waiting for clearer signals on profitability, especially amid Bitcoin (CRYPTO: BTC) price volatility.

Strong Momentum Last Quarter

The hesitation comes despite a strong showing last quarter when Mara beat earnings expectations by 16 cents. Revenue jumped 92% year-over-year to $252 million, and net income swung to $123 million, a sharp turnaround from the $125 million loss reported in the third quarter of 2024.

The company also nearly doubled its Bitcoin holdings, ending the quarter with 52,850 BTC, up from 26,747 BTC a year earlier.

What Analysts Have To Say

The recent analyst actions for Mara Holdings show a mixed trend with some firms maintaining their ratings while others have shown an upgrade. Key actions include Piper Sandler maintaining an ‘Overweight’ rating but reducing the target from $26.00 to $16.00 on Jan. 14. Additionally, Compass Point upgraded the company to ‘Buy’ from ‘Neutral’ and set a target of $30.00 on Nov. 24.

Other significant actions involve JP Morgan and Cantor Fitzgerald, who both maintained an ‘Overweight’ rating for Mara on Nov. 24 and Nov. 5 respectively, albeit with revised targets. Rosenblatt also maintained a ‘Buy’ rating on Nov. 5, setting a target of $22.00, down from the previous $25.00.

MARA Price Action: MARA shares were down 3.62% at $8.26 at the time of publication on Thursday, according to Benzinga Pro.

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