JP Morgan Updates Rating of Bitcoin Listed Mining Companies: Partial Callback to Neutral, Several Companies Lower Their Stock Target Prices
JP Morgan Chase announced the update of bitcoin mining company ratings and stock price targets based on the fourth quarter of 2024 results report, mainly including:
Upgrade the IREN rating from neutral to overweight, but lower its target price from $15 to $12.
2. Downgrade Cipher Mining's rating from overweight to neutral, while withdrawing its $8 target price.
3. Reiterated its overweight rating on Riot Platforms and CleanSpark, and lowered their price targets to $13 and $12, respectively.
4. MARA Holdings (MARA) is rated neutral, lowering the company's target price from $23 to $18.