Riot Platforms price target raised to $8 from $7.50 at JPMorgan

JPMorgan raised the firm’s price target on Riot Platforms to $8 from $7.50 and keeps an Underweight rating on the shares. The analyst updated price targets in bitcoin mining to reflect changes in the price of bitcoin, the network hashrate and other company specific variables. Bitcoin and the network hashrate have increased 9% and 6%, respectively, since JPMorgan last updated price targets on November 1, the analyst tells investors in a research note.