JPMorgan (JPM) is tweaking its price targets and ratings for bitcoin (BTC) mining stocks to reflect the recent rally in the leading cryptocurrency, the network hashrate, and other company-specific news, the bank said in a research report Friday.
Since the bank last refreshed its price targets on these stocks, the bitcoin price has risen 12%, and the network hashrate has increased by 2%. Therefore, it lifts its spot BTC price assumption to $44,000 from $38,000 and its baseline network hashrate assumption to 485 EH/s from 475 EH/s.
The bank cut its rating on CleanSpark (CLSK) to neutral from overweight and reduced its price target on the stock to $8 from $9, noting that the shares have gained more than 130% in the last month and so are now properly valued.
Riot Platforms (RIOT) has been upgraded to neutral from underweight with an increased price target of $12 from $8.
JPMorgan remains overweight Iris Energy (IREN), its top pick in the sector, and raises its price target to $9.50 from $9.
The bank maintains its underweight rating on Marathon Digital (MARA) but raises its price target to $8.50 from $8.
“At current prices, we size the four-year block reward opportunity at ~$31 billion, up 11% from December 1 and 105% y/y,” analysts Reginald Smith and Charles Pearce wrote.
Read more: Listed Bitcoin Miners Could be the Ultimate Bet for 2024: Matrixport
how to buy generic clomid cost of generic clomiphene pills how to buy cheap clomiphene pill clomiphene pregnancy where to buy clomid price where can i get generic clomid price can you get clomid without insurance
Thanks on putting this up. It’s evidently done.
More posts like this would force the blogosphere more useful.
zithromax online order – buy tetracycline 500mg sale flagyl cost
buy rybelsus 14mg generic – order rybelsus pills buy cyproheptadine generic
domperidone 10mg sale – purchase flexeril online cheap flexeril drug
buy augmentin 625mg pill – https://atbioinfo.com/ ampicillin pill
order nexium online cheap – anexa mate order nexium capsules
order mobic 7.5mg generic – https://moboxsin.com/ oral mobic 15mg
order prednisone 10mg generic – allergic reactions deltasone cheap
best pills for ed – the best ed pill generic ed drugs
amoxicillin online buy – https://combamoxi.com/ purchase amoxil online
oral lexapro 20mg – lexapro 10mg generic buy lexapro without a prescription
cenforce 50mg pills – https://cenforcers.com/ cenforce brand
cheap canadian cialis – https://ciltadgn.com/# buy generic tadalafil online cheap
buy generic cialiss – this cialis store in philippines
buy ranitidine sale – https://aranitidine.com/# ranitidine 150mg cost
viagra sale glasgow – https://strongvpls.com/ order generic viagra online
I couldn’t weather commenting. Well written! azithromycin 250mg canada
The thoroughness in this piece is noteworthy. https://gnolvade.com/
More articles like this would remedy the blogosphere richer. https://ursxdol.com/furosemide-diuretic/
Thanks for putting this up. It’s evidently done. https://prohnrg.com/product/loratadine-10-mg-tablets/
This is the type of enter I turn up helpful. viagra sans ordonnance quГ©bec
With thanks. Loads of conception! https://ondactone.com/spironolactone/