JP Morgan Maintains Overweight on Riot Platforms, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Reginald Smith maintains an Overweight rating on Riot Platforms (NASDAQ:RIOT) but lowers the price target from $15.5 to $12.
June 04, 2024 | 1:23 pm
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JP Morgan analyst Reginald Smith maintains an Overweight rating on Riot Platforms but lowers the price target from $15.5 to $12.
The Overweight rating suggests a positive outlook, but the lowered price target indicates some concerns about future performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100