Clear Street analyst Brian Dobson raised the firm’s price target on Riot Platforms (RIOT) to $29 from $16 and keeps a Buy rating on the shares. Riot Platforms remains a top pick as the company prepares to pivot to high-performance computing/artificial intelligence data center development, the analyst tells investors in a research note. The firm added that it believes recent enthusiasm in shares is warranted, and that further upside remains.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RIOT:
- MP, Riot, GD, DoorDash, Uber: Trending by Analysts
- Moderately bullish activity in Riot Blockchain with shares up 0.96%
- Crypto Currents: Bitcoin Depot acquires National Bitcoin ATM assets
- Riot Platforms produces 445 bitcoin in September
- Moderately bullish activity in Riot Blockchain with shares up 1.58%