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Analysts Conflicted on These Financial Names: Oceanfirst Financial (OCFC), TeraWulf Inc (WULF) and Riot Platforms (RIOT)

Tipranks - Tue Aug 4, 8:38AM CDT

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Oceanfirst Financial (OCFC), TeraWulf Inc (WULF) and Riot Platforms (RIOT).

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Oceanfirst Financial (OCFC)

D.A. Davidson analyst Peter Winter maintained a Hold rating on Oceanfirst Financial today and set a price target of $21.00. The company’s shares closed last Monday at $19.45.

According to TipRanks.com, Winter is a 5-star analyst with an average return of 9.0% and a 61.7% success rate. Winter covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Texas Capital Bancshares, and Huntington Bancshares. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Oceanfirst Financial with a $20.67 average price target, representing a 7.0% upside. In a report issued on July 31, TipRanks – PerPlexity also downgraded the stock to Hold with a $21.50 price target.

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TeraWulf Inc (WULF)

In a report released today, Nick Giles from B. Riley Securities initiated coverage with a Buy rating on TeraWulf Inc and a price target of $40.00. The company’s shares closed last Monday at $17.24.

According to TipRanks.com, Giles is a 5-star analyst with an average return of 32.1% and a 51.0% success rate. Giles covers the Basic Materials sector, focusing on stocks such as Alpha Metallurgical Resources, NioCorp Developments, and Endeavour Silver. ;'>

TeraWulf Inc has an analyst consensus of Strong Buy, with a price target consensus of $37.88, an 114.5% upside from current levels. In a report issued on July 26, Chardan Capital also initiated coverage with a Buy rating on the stock with a $32.00 price target.

Riot Platforms (RIOT)

In a report released today, Gautam Chhugani from Bernstein maintained a Buy rating on Riot Platforms, with a price target of $30.00. The company’s shares closed last Monday at $19.50.

According to TipRanks.com, Chhugani is a 4-star analyst with an average return of 18.3% and a 37.4% success rate. Chhugani covers the Financial sector, focusing on stocks such as SharpLink Gaming, Coinbase Global, and MARA Holdings. ;'>

Currently, the analyst consensus on Riot Platforms is a Strong Buy with an average price target of $32.38, representing a 60.5% upside. In a report issued on July 24, Morgan Stanley also initiated coverage with a Buy rating on the stock with a $36.00 price target.

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