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Analysts Offer Insights on Financial Companies: GCM Grosvenor (GCMG) and Riot Platforms (RIOT)

Tipranks - Wed Aug 12, 5:44AM CDT

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on GCM Grosvenor (GCMG) and Riot Platforms (RIOT).

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GCM Grosvenor (GCMG)

Piper Sandler analyst Crispin Love maintained a Hold rating on GCM Grosvenor today and set a price target of $16.00. The company’s shares closed last Monday at $13.82, close to its 52-week high of $14.48.

According to TipRanks.com, Love is a 4-star analyst with an average return of 9.2% and a 62.2% success rate. Love covers the Financial sector, focusing on stocks such as Ellington Residential Mortgage, Virtus Investment Partners, and TriplePoint Venture Growth. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for GCM Grosvenor with a $14.75 average price target, implying a 6.8% upside from current levels. In a report issued on July 29, TipRanks – Anthropic also reiterated a Hold rating on the stock with a $13.00 price target.

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Riot Platforms (RIOT)

Clear Street analyst Brian Dobson maintained a Buy rating on Riot Platforms today and set a price target of $38.00. The company’s shares closed last Monday at $19.40.

According to TipRanks.com, Dobson is ranked 0 out of 5 stars with an average return of -8.4% and a 34.5% success rate. Dobson covers the Technology sector, focusing on stocks such as Core Scientific Inc, One Stop Systems, and Strategy. ;'>

Currently, the analyst consensus on Riot Platforms is a Strong Buy with an average price target of $34.45, which is a 68.5% upside from current levels. In a report issued on July 28, KBW also maintained a Buy rating on the stock with a $35.00 price target.

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