MARA Holdings stock: Piper Sandler cuts target to USD 11.00

Published on 10/22/2026 at 19:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue fell 26.70 percent to USD 174.88 million. MARA Holdings stock costs EUR 6.50 on October 22, 2026 at 7:07 p.m. CEST.

Piper target and quarterly figures

Piper Sandler cut its MARA target from USD 13.00 to USD 11.00 on October 20, 2026.
Second-quarter revenue fell 26.70 percent to USD 174.88 million.
MARA Holdings stock costs EUR 6.50 at Lang & Schwarz on October 22, 2026 at 7:07 p.m. CEST.

MARA Holdings, US5657881067, Illustration mit AI erstellt.

MARA Holdings (ISIN US5657881067) stock has a fresh USD 11.00 target after Piper Sandler cut it from USD 13.00 on October 20, 2026, while keeping its Overweight rating, as Yahoo Finance reported. The new target is 53.00 percent above the morning price cited in that report. MARA Holdings stock was trading at EUR 6.50 at Lang & Schwarz on October 22, 2026 at 7:07 p.m. CEST.

Revenue fell in the second quarter

MARA reported USD 174.88 million in revenue for the second quarter of 2026, down 26.70 percent from the prior-year period. The investor-relations page also lists a GAAP net loss of USD 611.32 million and diluted earnings of minus USD 1.60 per share for the quarter, which ended June 30, 2026. These figures place the mining business under pressure even as the company develops digital infrastructure activities.

Cash and cash equivalents stood at USD 433.27 million on June 30, 2026. Operating cash flow was negative USD 223.77 million in the second quarter. The financial figures and reporting period are listed by MARA.

How much room does the target allow?

Using the EUR 6.50 Lang & Schwarz price and the USD 11.00 Piper Sandler target would mix currencies, so the two levels are not directly comparable. The analyst action nevertheless marks a third target reduction described in the report, while the Overweight rating was maintained.

Price position and business risk

The latest primary-market quote was USD 7.28 on Nasdaq at 1:14 p.m. EDT on October 22, 2026. MARA's market capitalization was USD 2.8 billion, and its 52-week range was USD 6.66 to USD 20.47. The stock therefore traded USD 0.62 above its 52-week low and USD 13.19 below its high at that timestamp.

The second-quarter loss included substantial digital-asset valuation pressure. MARA's earnings call described the company's strategy as a broader digital infrastructure platform built around power, land and compute, while management said it remained confident in signing at least two leases before year-end. The statement came from the August 6, 2026 earnings call transcript published by Yahoo Finance.

What comes next for MARA?

The immediate test is execution against the digital infrastructure plan while Bitcoin mining revenue remains exposed to asset prices and network conditions. For investors, the key figures are the USD 174.88 million quarterly revenue base, the USD 611.32 million net loss and Piper Sandler's revised USD 11.00 target.

Stock price and analyst view

MARA Holdings stock was trading at EUR 6.50 at Lang & Schwarz on October 22, 2026 at 7:07 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of MARA Holdings stock.