MARA shares climb 10% after Morgan Stanley raises price target
- —Morgan Stanley raised its MARA target to $11 from $6, keeping Underweight
- —H.C. Wainwright initiated coverage with Buy and a $20 target (+68%)
- —MARA reported a loss of $1.60 per share versus expected earnings of $0.17
- —Revenue of $174.88 million missed the $209.44 million forecast and fell 26.7% year-on-year
Why it matters: MARA's pivot toward AI data centers could change how miners are valued, but weak earnings and analyst disagreement keep risks elevated.
Source: CoinCentral