- DA Davidson analyst Christopher Brendler initiated coverage of Marathon Digital Holdings Inc (NASDAQ:MARA) with a Buy rating and $65 price target, implying a 49.12% upside, as part of a broader research note on crypto mining.
- The company’s focus on leveraging hosting partners allowed them to purchase over 130,000 top-of-the-line machines, Brendler notes.
- Brendler further notes that Marathon’s new rigs are already coming online, and its top line will likely grow by over 100%, but the stock’s enterprise value is at just 4-times FY23E EBITDA.
- Marathon Digital Holdings Inc focuses on mining digital assets.
- Related Content: US Replaces China As World’s Epicenter For Bitcoin Mining: Report
- Price Action: MARA shares traded higher by 3.92% at $45.3 in the premarket session on the last check Friday.
Roche Puts Alzheimer’s Candidate, Gantenerumab In Spotlight; In Dialogue with FDA: Reuters
Roche Holding AG (OTC:RHHBY) is reportedly talking to the FDA about its Alzheimer’s disease drug candidate, gantenerumab. CEO Severin Schwan declined…
