Guggenheim Initiates Coverage of MARA Holdings (MARA) with Neutral Rating, Cites Strong Bitcoin Price Correlation, Need for Strategic Clarity

MARA Holdings Inc. (NASDAQ:MARA) is one of the most buzzing stocks to buy with huge upside potential. On October 21, Guggenheim initiated coverage of MARA Holdings with a Neutral rating and no price target. The firm views MARA Holdings as an industry leader in network capacity.

Guggenheim Initiates Coverage of MARA Holdings (MARA) with Neutral Rating, Cites Strong Bitcoin Price Correlation, Need for Strategic Clarity

However, Guggenheim sees a balanced risk and reward at the current share levels due to the company’s strong correlation with Bitcoin price movement. The firm is awaiting further clarity regarding the company’s strategic direction. On the same day, MARA Holdings also received a Hold rating from a Mizuho Securities analyst.

MARA Holdings Inc. (NASDAQ:MARA) operates as a digital asset technology company in the US and Europe. It also provides technology solutions to optimize data center operations, such as liquid immersion cooling and firmware for Bitcoin miners.

While we acknowledge the potential of MARA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MARA and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.