Riot Games Shares Fall 3.5% Following Analyst Downgrade

MARA, Nasdaq:MARA, Shares Down 2.8% on Analyst Downgrade

March 15, 2025 - MARA, the parent company of Robinhood, a popular online brokerage firm, saw its shares plummet 2.8% on Friday after a major analyst firm downgraded its stock.

The downgrade came from Piper Sandler, which reduced its rating on MARA from "Overweight" to "Neutral" citing concerns over the company's growing expenses and declining trading volumes. Piper Sandler also slashed its price target on the stock from $4.50 to $3.50.

The news sent MARA's shares tumbling, with the stock closing down 2.8% at $3.24 per share. The decline wiped out nearly $150 million in market value from the company.

Despite the setback, MARA's shares are still up 15% year-to-date, thanks to the company's efforts to diversify its revenue streams and expand its offerings beyond trading. Robinhood has been successful in attracting new customers, particularly among younger investors, and its cryptocurrency trading platform has seen significant growth.

However, the company's expenses have been rising, and its trading volumes have been declining. Piper Sandler's downgrade suggests that the company's financials may not be as strong as previously thought.

MARA's decline was not unique, as the broader market also saw a decline on Friday. The Nasdaq Composite fell 1.2% to close at 12,342.49, while the S&P 500 dropped 0.8% to 4,144.49.

Despite the setback, MARA remains a popular stock among investors, and its decline may present a buying opportunity for those who believe in the company's long-term potential.