DA Davidson Bullish On This Bitcoin Company, Sees Huge Upside

DA Davidson analyst Christopher Brendler initiated coverage of Riot Blockchain Inc RIOT with a Buy rating and $42 price target, implying a 60.8% upside, as part of a broader research note on crypto mining.
The analyst cites the company's most significant mining operation in the U.S., providing them with scale, along with its "cheap" power and experienced management team.
Riot Blockchain focuses on building, supporting, and operating blockchain technologies.
Riot Blockchain's bitcoin production in September climbed ~346% year-on-year.
Riot Blockchain mined 2457 BTC as of September-end 2021, up ~236% Y/Y.
Price Action: RIOT shares traded higher by 4.52% at $27.30 in the premarket session on the last check Friday.

Momentum27.06

Growth2.13

Quality-

Value57.48

Short

Medium

Long

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