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Riot Platforms (RIOT) Receives a Buy from Northland Securities

Tipranks - Tipranks - Fri May 8, 12:12PM CDT

In a report released today, Michael Grondahl from Northland Securities maintained a Buy rating on Riot Platforms, with a price target of $26.00.

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According to TipRanks, Grondahl is a 5-star analyst with an average return of 14.5% and a 45.51% success rate. Grondahl covers the Financial sector, focusing on stocks such as Riot Platforms, WisdomTree, and Lendingtree.

In a report released yesterday, H.C. Wainwright also maintained a Buy rating on the stock with a $25.00 price target.

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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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