B. Riley Securities Maintains Buy on Riot Platforms, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Lucas Pipes maintains a Buy rating on Riot Platforms (NASDAQ:RIOT) but lowers the price target from $16 to $15.
May 06, 2024 | 5:32 pm
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B. Riley Securities maintains a Buy rating on Riot Platforms but lowers the price target from $16 to $15.
The adjustment in price target by B. Riley Securities reflects a slight change in valuation expectation for Riot Platforms, though the Buy rating indicates continued positive outlook. The reduction in price target might cause short-term price movement but the maintained Buy rating suggests underlying confidence in the company's fundamentals.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100