JPMorgan updates mining company ratings for Bitcoin: some pullback to neutral, target prices of several companies' stocks lowered

DailyNews

2025-03-14 01:38:49

BTC-1,02%

Golden Finance reported that JPMorgan announced updates to the BTC-listed mining company ratings and stock target prices based on the fourth quarter performance report for 2024, including:

IREN’s rating was upgraded from neutral to buy, but its target price was lowered from $15 to $12;
Downgraded Cipher Mining from Buy to Neutral, while withdrawing the target price of $8.
Reiterate the buy rating on Riot Platforms and CleanSpark, with their target prices adjusted to $13 and $12, respectively;
MARA Holdings (MARA) is rated as neutral, with the target price of the company being lowered from $23 to $18.

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