B.Riley Financial analyst Lucas Pipes reiterated a Buy rating on Marathon Digital Holdings on Tuesday, setting a price target of $87, which is approximately 98.68% above the present share price of $43.79.
Pipes expects Marathon Digital Holdings to post earnings per share (EPS) of -$1.09 for the fourth quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Marathon Digital Holdings, with an average price target of $62.5.
The analysts price targets range from a high of $87 to a low of $48.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $29.32 million and a net profit of $15.7 million. The company's market cap is $4.36 billion.
According to TipRanks.com, B.Riley Financial analyst Lucas Pipes is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 22.0% and a 43.98% success rate.
Marathon Patent Group, Inc. is an IP licensing and commercialization company. It acquires and manages IP rights from a variety of sources, including large and small corporations, universities and other IP owners. Marathon Patent Group was founded on February 23, 2010 and is headquartered in Las Vegas, NV.