Northland Capital Markets Maintains Outperform Rating for Riot Platforms: Here's What You Need To Know

Northland Capital Markets has decided to maintain its Outperform rating of Riot Platforms RIOT and lower its price target from $16.00 to $15.00.

Shares of Riot Platforms are trading down 3.93% over the last 24 hours, at $9.53 per share.

A move to $15.00 would account for a 57.4% increase from the current share price.

About Riot Platforms

Riot Platforms Inc is a vertically integrated Bitcoin mining company focused on building, supporting, and operating blockchain technologies. Distributed blockchain technology is a decentralized and encrypted ledger that is designed to offer a secure, efficient, verifiable, and permanent way of storing records and other information without the need for intermediaries. It serves as a medium of exchange, store of value, or unit of account. The company's segments include Bitcoin Mining; Data Center Hosting and Engineering. It generates maximum revenue from the Bitcoin Mining segment.

About Analyst Ratings

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.