Riot Platforms, Inc. (RIOT) Gets a Price Target Hike on AMD Lease Deal

Riot Platforms, Inc. (NASDAQ:RIOT) is among the stocks under $50 to buy now. On January 20, Needham raised the price target on Riot Platforms, Inc. (NASDAQ:RIOT) to $30 from $28 and maintained a Buy rating, as reported by TheFly. This updated target, reflecting an upside potential of nearly 74%, is attributed to the company’s 25MW lease contract with AMD at its recently purchased Rockdale site. The analyst says that the yield on cost is appealing, with capital expenditure forecasted to be just $3.6 milli ...