JP Morgan Upgrades Riot Platforms to Overweight, Announces $15 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Reginald Smith upgraded Riot Platforms (NASDAQ:RIOT) from Neutral to Overweight and set a $15 price target.
March 20, 2024 | 9:39 am
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POSITIVE IMPACT
Riot Platforms upgraded by JP Morgan to Overweight with a $15 price target.
Upgrades by major financial institutions like JP Morgan typically lead to positive short-term price movements. The upgrade from Neutral to Overweight suggests a strong confidence in the company's future performance, and the $15 price target indicates a significant upside potential from current levels.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100