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Riot Platforms (RIOT) Initiated with a Buy at Lucid Capital
Riot Platforms received a Buy rating and a $42.00 price target from Lucid Capital analyst today.
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In addition to Lucid Capital, Riot Platforms also received a Buy from Needham’s John Todaro in a report issued on May 22. However, on May 14, Jefferies initiated coverage with a Hold rating on Riot Platforms (NASDAQ: RIOT).
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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