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Analysts Are Bullish on These Financial Stocks: GCM Grosvenor (GCMG), Riot Platforms (RIOT)

Tipranks - Thu Aug 13, 3:04AM CDT

There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on GCM Grosvenor (GCMG) and Riot Platforms (RIOT) with bullish sentiments.

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GCM Grosvenor (GCMG)

TD Cowen analyst William Katz reiterated a Buy rating on GCM Grosvenor yesterday and set a price target of $16.00. The company’s shares closed last Tuesday at $13.98, close to its 52-week high of $14.48.

According to TipRanks.com, Katz is a 5-star analyst with an average return of 11.5% and a 62.9% success rate. Katz covers the Financial sector, focusing on stocks such as Virtus Investment Partners, Intercontinental Exchange, and Raymond James Financial. ;'>

Currently, the analyst consensus on GCM Grosvenor is a Strong Buy with an average price target of $15.50, a 10.2% upside from current levels. In a report issued on July 29, TipRanks – OpenAI also upgraded the stock to Buy with a $14.00 price target.

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Riot Platforms (RIOT)

Riot Platforms received a Buy rating and a $42.00 price target from Lucid Capital analyst Darren Aftahi yesterday. The company’s shares closed last Tuesday at $20.24.

Aftahi has an average return of 36.8% when recommending Riot Platforms. ;'>

According to TipRanks.com, Aftahi is ranked #1229 out of 12467 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Riot Platforms with a $34.43 average price target, which is a 46.1% 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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