Northland Securities Sticks to Their Buy Rating for Riot Platforms (RIOT)
Northland Securities analyst Michael Grondahl maintained a Buy rating on Riot Platforms today and set a price target of $26.00.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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
Read More on RIOT:
Disclaimer & DisclosureReport an Issue
- Crypto Currents: Robinhood crypto revenue collapses in Q1
- Riot Platforms price target raised to $23 from $20 at Cantor Fitzgerald
- Riot Platforms price target lowered to $38 from $42 at Roth Capital
- Riot Platforms: Buy Rating Reiterated on Strong HPC Growth, Compelling Economics and Unchanged $24 Price Target
- Riot Platforms price target raised to $26 from $25 at Clear Street
