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Northland Securities Remains a Buy on Riot Platforms (RIOT)

Tipranks - Tipranks - Wed Mar 4, 9:26AM CST

Northland Securities analyst Michael Grondahl maintained a Buy rating on Riot Platforms today and set a price target of $26.00.

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According to TipRanks, Grondahl is a 4-star analyst with an average return of 7.9% and a 41.22% success rate. Grondahl covers the Financial sector, focusing on stocks such as WisdomTree, OneMain Holdings, and Hut 8.

In addition to Northland Securities, Riot Platforms also received a Buy from Needham’s John Todaro in a report issued today. However, on the same day, TipRanks – OpenAI downgraded Riot Platforms (NASDAQ: RIOT) to a Hold.

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Based on Riot Platforms’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $180.23 million and a net profit of $104.48 million. In comparison, last year the company earned a revenue of $84.79 million and had a GAAP net loss of $154.36 million

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