JPMorgan cuts MARA Holdings to Underweight, shares fall 5.7%
- —JPMorgan cut its MARA price target to $11 from $13, with a December 2027 horizon
- —MARA shares fell 5.7% to $11.30 in premarket trading
- —Q2 2026 revenue came in at $174.9 million versus $209 million expected
- —The loss was $1.60 per share versus a profit of $1.84 a year earlier
Why it matters: Pressure on miner stocks reflects the weak economics of BTC mining and the risks of capital-intensive models amid low bitcoin prices.
Source: Yahoo Finance Crypto