Macquarie analyst Paul Golding raised the firm’s price target on Riot Platforms (RIOT) to $17.50 from $15 and keeps an Outperform rating on the shares. The firm says the company’s Q3 was impacted by network difficulty and fewer power credits. A hosting deal materializing would put upward pressure on the shares, the analyst tells investors in a research note.
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Read More on RIOT:
- Riot Platforms price target lowered to $13 from $18 at Compass Point
- Riot Platforms price target raised to $24 from $22 at Cantor Fitzgerald
- Riot Platforms selloff a buying opportunity, says H.C. Wainwright
- Riot Platforms Reports Strong Revenue Growth Amid Challenges
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