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Bernstein Keeps Their Buy Rating on Riot Platforms (RIOT)

Tipranks - Tipranks - Fri Jul 24, 7:34AM CDT

Bernstein analyst Gautam Chhugani maintained a Buy rating on Riot Platforms today and set a price target of $30.00.

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Chhugani covers the Financial sector, focusing on stocks such as Riot Platforms, MARA Holdings, and IREN. According to TipRanks, Chhugani has an average return of 24.2% and a 44.90% success rate on recommended stocks.

In a report released today, Morgan Stanley also initiated coverage with a Buy rating on the stock with a $36.00 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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