B. Riley Securities Maintains Neutral on Stronghold Digital Mining, Raises Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has maintained a Neutral rating on Stronghold Digital Mining (NASDAQ:SDIG) while raising the price target from $5 to $6.
August 26, 2024 | 1:28 pm
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POSITIVE IMPACT
B. Riley Securities has maintained a Neutral rating on Stronghold Digital Mining (SDIG) and increased the price target from $5 to $6, indicating a slightly more positive outlook.
The increase in price target from $5 to $6 suggests a more optimistic view on SDIG's future performance, which could positively influence investor sentiment and potentially lead to a short-term price increase. However, the Neutral rating indicates that the analyst does not see significant upside potential, which tempers the impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100