On June 13, according to CoinDesk, JPMorgan raised the target stock prices of several Bitcoin mining companies in its research report released on June 13. Among them, CleanSpark (CLSK) target price was raised from $12 to $14, Riot Platforms (RIOT) from $13 to $14, and MARA Holdings (MARA) from $18 to $19.
The bank's analysts stated that this adjustment is based on the expected 24% increase in Bitcoin price and 9% growth in network hash rate. The report reiterated the "overweight" rating for CleanSpark, Ren, and Riot Platforms, and maintained the "neutral" rating for Cipher Mining and MARA Holdings.
