HC Wainwright & Co. Maintains Buy on Riot Platforms, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Mike Colonnese maintains a Buy rating on Riot Platforms (NASDAQ:RIOT) but lowers the price target from $20 to $17.
May 01, 2024 | 4:16 pm
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Riot Platforms' price target was reduced from $20 to $17 by HC Wainwright & Co., although the Buy rating was maintained.
The reduction in price target could suggest a more cautious outlook on Riot Platforms' future performance, potentially due to market conditions or company-specific factors. However, maintaining a Buy rating indicates a positive view on the company's long-term prospects. This mixed signal could lead to short-term price volatility as investors digest the implications.
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