Jefferies Lowers Marathon Digital Stock Forecast to $17
CryptoNewsTerminal Staff15 Aug, 2024
Jefferies Lowers Marathon Digital Stock Forecast to $17
Jefferies analyst downgraded Marathon Digital's price target to $17 from an earlier set of $22. The analyst firm, however maintained its buy rating on the stock. It's worth noting that U.S. miners likely experienced a modest sequential decline in profitability last month. Bitcoin prices declined while the network hashrate resumed its upward trajectory. As such, August could be a challenging period for miners," Jefferies said. ---