Marathon Digital (NASDAQ:MARA) Shares Down 5.3% on Analyst Downgrade

Marathon Digital (NASDAQ:MARA) shares dropped 5.3% after Cantor Fitzgerald lowered its price target from $14 to $12, while maintaining an overweight rating. The company reported a significant quarterly loss of $1.60 per share, missing estimates by a wide margin, and revenue declined by 26.7% year over year. Despite the downgrade, analyst sentiment remains largely positive, with a consensus "Moderate Buy" rating and an average price target of $18.72.