Needham Maintains Buy on Riot Platforms, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Needham analyst John Todaro maintains a Buy rating on Riot Platforms (NASDAQ:RIOT) but lowers the price target from $15 to $13.

July 24, 2024 | 10:24 am
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Needham analyst John Todaro maintains a Buy rating on Riot Platforms but lowers the price target from $15 to $13.
The maintained Buy rating suggests continued confidence in Riot Platforms' long-term potential. However, the lowered price target indicates some short-term concerns or adjustments in valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100