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Roth Capital Thinks Riot Blockchain’s Stock is Going to Recover

In a report released today, Darren Aftahi from Roth Capital maintained a Buy rating on Riot Blockchain (RIOTResearch Report), with a price target of $15.00. The company’s shares closed last Thursday at $8.74, close to its 52-week low of $4.02.

According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 16.5% and a 37.7% success rate. Aftahi covers the Technology sector, focusing on stocks such as Fathom Holdings, Argo Blockchain, and Digital Turbine.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Riot Blockchain with a $20.33 average price target, implying a 147.3% upside from current levels. In a report issued on July 26, B.Riley Financial also reiterated a Buy rating on the stock with a $16.00 price target.

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The company has a one-year high of $46.28 and a one-year low of $4.02. Currently, Riot Blockchain has an average volume of 15.21M.

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Riot Blockchain Inc is focused on building, supporting and operating blockchain technologies. Distributed blockchain technology is a decentralized and encrypted ledger that is designed to offer a secure, efficient, verifiable and permanent way of storing records and other information without the need for intermediaries. It serves as a medium of exchange, store of value or unit of account. The company’s portfolio consists of Verady, Tesspay, Coinsquare, and others.

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