Riot Platforms (RIOT) PT Raised to $13.25 at Singular Research, Downgraded to Buy-Long Term
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Price: $19.02 -0.99%
Rating Summary:
25 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
25 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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(Updated - May 31, 2023 11:55 AM EDT)
Singular Research analyst Chris Sakai raised the price target on Riot Platforms (NASDAQ: RIOT) to $13.25 (from $12.00) while downgrading to Buy-Long Term (from Buy).
The analyst comments "RIOT expects to achieve the previously stated target of 12.5 EH/s hash rate capacity by H2:23. We increase our price target to $13.25 per share ($12.00 earlier) and change our rating to Buy-Long-Term given limited upside potential."
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