JPMorgan Chase updates its rating on bitcoin-listed mining companies: some correction to neutral, and target prices for stocks of many companies have been lowered
According to online reports, JPMorgan Chase announced that it will update the rating and stock target price of bitcoin-listed mining companies based on its fourth quarter 2024 results report, mainly including: 1. Upgrading IREN's rating from neutral to overweight, but lowering its target price from US$15. Downgraded to US$12; 2. Downgraded Cipher Mining's rating from overweight to neutral, while withdrawing its target price of US$8; 3. Reiterate its overweight rating on Riot Platforms and CleanSpark, and downgrade its target price to US$13 and US$12 respectively; 4. MARA Holdings (MARA) has a neutral rating and downgraded the company's target price from US$23 to US$18.
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