Shares of Marathon Digital Holdings (MARA) surged over 13% on Friday, September 18, 2026. The stock closed at approximately $13.24.
Morgan Stanley nearly doubled its price target for the company from $6 to $11. Analysts cited Marathon's strategic shift toward powering AI data centers as the primary driver. The firm maintained an Underweight rating despite the increased target.
Bitcoin climbed approximately 6% to trade near $81,000. This broad cryptocurrency market upswing lifted several related equities.