Needham Maintains Buy on Riot Platforms, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Needham analyst John Todaro maintains a Buy rating on Riot Platforms (NASDAQ:RIOT) but lowers the price target from $19 to $18.

February 13, 2024 | 11:58 am
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Needham maintains a Buy rating on Riot Platforms but lowers the price target from $19 to $18.
The adjustment in price target by Needham, while maintaining a Buy rating, suggests a positive outlook on Riot Platforms but with a slightly reduced growth expectation. This could lead to a neutral short-term impact on the stock as the market digests the revised target alongside the reaffirmed confidence in the company's prospects.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100