Why Marathon Digital Holdings Stock Surged Today
It's a good time to be a cryptocurrency investor, and by extension it's good to be an investor in cryptocurrency mining businesses.
The latest proof of that was Marathon Digital Holdings' (NASDAQ: MARA) nearly 15% pop in stock price Friday, a move sparked by an analyst price target increase but founded on continuing bullishness for anything crypto-related. By comparison, the S 500 index could only eke out a 0.6% gain that day.
The raiser was Reginald Smith of banking giant JPMorgan Chase. Before market open, Smith made an upward adjustment to his fair-value estimation of Marathon's stock. He now feels it's worth $8 per share, up from his preceding level of $7.
Source Fool.com
JPMorgan Chase & Co. Stock
€311.05
-0.300%
With 51 Buy predictions and 1 Sell predictions JPMorgan Chase & Co. is one of the favorites of our community.
However, we have a potential of -2.59% for JPMorgan Chase & Co. as the target price of 303 € is below the current price of 311.05 €.
