JP Morgan Maintains Overweight on Riot Platforms, Lowers Price Target to $9.5
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Reginald Smith maintains an Overweight rating on Riot Platforms but lowers the price target from $12 to $9.5.
August 23, 2024 | 1:22 pm
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JP Morgan has maintained its Overweight rating on Riot Platforms but has reduced the price target from $12 to $9.5, indicating a more cautious outlook.
The reduction in the price target from $12 to $9.5 suggests a less optimistic view on Riot Platforms' future performance, which could lead to a short-term negative impact on the stock price. However, the maintained Overweight rating indicates continued confidence in the company's potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100