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Roth MKM Reaffirms Their Buy Rating on Riot Platforms (RIOT)

Tipranks - Tipranks - Sat Mar 28, 10:24AM CDT

Roth MKM analyst Darren Aftahi maintained a Buy rating on Riot Platforms today and set a price target of $42.00.

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According to TipRanks, Aftahi is a 4-star analyst with an average return of 3.8% and a 34.00% success rate. Aftahi covers the Technology sector, focusing on stocks such as Bitdeer Technologies, Applied Digital Corporation, and Core Scientific Inc.

In addition to Roth MKM, Riot Platforms also received a Buy from Citi’s Peter Christiansen in a report issued on March 19. However, on March 23, TipRanks – Anthropic reiterated a Hold rating on Riot Platforms (NASDAQ: RIOT).

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Based on Riot Platforms’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $152.83 million and a GAAP net loss of $690.75 million. In comparison, last year the company earned a revenue of $142.56 million and had a net profit of $136.44 million

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