Keefe Bruyette Raises Riot Platforms (RIOT) PT to $23, Keeps Outperform Rating After AMD Data Center Lease Deal

Riot Platforms Inc. (NASDAQ:RIOT) is one of the best high short interest stocks with biggest upside potential. On January 27, Keefe Bruyette analyst Stephen Glagola raised the firm’s price target on Riot Platforms to $23 from $16 while maintaining an Outperform rating, following the company’s 10-year 25MW Data Center Lease and Services Agreement with AMD at its Rockdale facility. Glagola noted that this partnership, which is expected to generate ~$311 million in contract revenue, provides Riot Platforms ...