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BTIG Sticks to Their Buy Rating for Riot Platforms (RIOT)

Tipranks - Tipranks - Thu Mar 5, 12:22AM CST

In a report released yesterday, Gregory Lewis from BTIG maintained a Buy rating on Riot Platforms, with a price target of $28.00.

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According to TipRanks, Lewis is a 5-star analyst with an average return of 20.9% and a 54.66% success rate. Lewis covers the Energy sector, focusing on stocks such as Scorpio Tankers, Transocean, and Tidewater.

In addition to BTIG, Riot Platforms also received a Buy from Clear Street’s Brian Dobson in a report issued yesterday. However, on the same day, TipRanks – Anthropic reiterated a Hold rating on Riot Platforms (NASDAQ: RIOT).

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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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