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Northland Securities Sticks to Its Buy Rating for Riot Platforms (RIOT)

Tipranks - Tipranks - Tue Apr 7, 9:06AM CDT

Northland Securities analyst Michael Grondahl maintained a Buy rating on Riot Platforms today and set a price target of $26.00.

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According to TipRanks, Grondahl is a 4-star analyst with an average return of 5.8% and a 39.47% success rate. Grondahl covers the Financial sector, focusing on stocks such as Cleanspark, Riot Platforms, and WisdomTree.

In addition to Northland Securities, Riot Platforms also received a Buy from Roth MKM’s Darren Aftahi in a report issued on March 27. However, on April 2, TipRanks – OpenAI 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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