{"id":39114,"date":"2025-07-28T12:46:58","date_gmt":"2025-07-28T12:46:58","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=39114"},"modified":"2025-07-28T12:46:58","modified_gmt":"2025-07-28T12:46:58","slug":"bitcoin-miner-mara-holdings-upgraded-to-overweight-at-jpmorgan-iren-and-riot-cut-to-neutral","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=39114","title":{"rendered":"Bitcoin Miner MARA Holdings Upgraded to Overweight at JPMorgan; IREN and Riot Cut to Neutral"},"content":{"rendered":"<div>\n<p>Wall Street bank JPMorgan reshuffled ratings and price targets on a group of bitcoin miners to begin the week.<\/p>\n<p>Updating estimates for the group to reflect second-quarter earnings and changes to the network hashrate and the bitcoin price, the bank upgraded MARA Holdings (MARA) to overweight and lifted its price target to $22 from $19, suggesting about 30% upside from the Friday close just above $17.<\/p>\n<p>IREN (IREN) was downgraded to neutral from overweight, though the price target was lifted to $16 from $12. Riot Platforms (RIOT) was also cut to neutral from overweight, and its target increased to $15 from $14.<\/p>\n<p>Overweight rated CleanSpark (CLSK) is the bank&#8217;s top pick, with a raised price target of $15 versus $14 previous, suggesting about 30% upside from the close just below $12 on Friday.<\/p>\n<p>Unrated Cipher Mining (CIFR) has a new price objective of $6.<\/p>\n<p>&#8220;In a shift, we favor the pure-play operators within our coverage universe, as they offer the best relative value, and are best positioned to benefit from a rising bitcoin price,&#8221; analysts Reginald Smith and Charles Pearce wrote.<\/p>\n<p>Miner price targets have been increased to account for higher bitcoin prices and improving mining profitability, the authors continued.<\/p>\n<p>The world&#8217;s largest cryptocurrency was trading around $118,700 at publication time.<\/p>\n<p><strong><em>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/07\/09\/core-scientific-sale-sale-sets-floor-price-for-bitcoin-miners-jpmorgan\"><span style=\"text-decoration:underline\">Core Scientific Sale Sets Floor Price for Bitcoin Miners: JPMorgan<\/span><\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Wall Street bank JPMorgan reshuffled ratings and price targets on a group of bitcoin miners to begin the week. Updating estimates for the group to reflect second-quarter earnings and changes to the network hashrate and the bitcoin price, the bank upgraded MARA Holdings (MARA) to overweight and lifted its price target to $22 from $19, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-39114","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39114"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39114\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}