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

Tipranks - Sat May 2, 11:08AM 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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Grondahl covers the Financial sector, focusing on stocks such as Riot Platforms, Lendingtree, and WisdomTree. According to TipRanks, Grondahl has an average return of 11.9% and a 44.49% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Riot Platforms with a $25.96 average price target.

Based on Riot Platforms’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $167.22 million and a GAAP net loss of $500.48 million. In comparison, last year the company earned a revenue of $161.39 million and had a GAAP net loss of $296.37 million

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