B. Riley raised the firm’s price target on Riot Platforms to $17 from $14 and keeps a Buy rating on the shares. Bitcoin prices have soared as inflows into spot exchange traded funds “remain strong and risk-on sentiment intensifies,” the analyst tells investors in a research note. The firm increased its bitcoin price deck and network hash rate assumptions following the company’s Q4 report.
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Read More on RIOT:
- Morgan Stanley considering whether to offer spot bitcoin ETFs, Coindesk says
- Riot Platforms (NASDAQ:RIOT) Slips despite Bitcoin’s Rise above $60K
- Riot Platforms price target raised to $25.50 from $22.50 at Roth MKM
- Crypto-linked stocks surge as bitcoin moves back about $60,000
- Riot Platforms price target raised to $20 from $19 at H.C. Wainwright
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