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There's no hard cap that I know of, although I'm sure it would eventually run into problems if, for example, you tried to have hundreds or thousands of them.
As Grant said, Marketo does not cap the number of admins you can have. Although, if you are looking for suggestions, it really depends on your company and the number of active Marketo users. In most cases, I think one or two admins would suffice, but if you have a larger user base or you have Marketo users in multiple locations, you may find having one in each location may be the best.
Thanks Grant and Val!