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Citizens and KBW Stay Positive on Riot Platforms, Inc. (RIOT)
Yahoo Finance· 2026-03-04 19:00
Core Viewpoint - Riot Platforms, Inc. (NASDAQ:RIOT) is recognized as one of the leading AI stocks with significant growth potential, supported by positive ratings and strategic developments in the company [2][3]. Group 1: Analyst Ratings and Price Targets - Citizens has reiterated a Market Outperform rating on Riot Platforms, Inc. with a price target of $25, highlighting the company's potential for growth [2]. - Keefe, Bruyette & Woods raised its price target from $16 to $23 while maintaining an Outperform rating, following a significant lease agreement with Advanced Micro Devices, Inc. [4]. Group 2: Strategic Developments - Starboard has indicated that Riot Platforms is well-positioned to secure lucrative AI and high-performance computing (HPC) deals due to its 1.7 gigawatts of available power [3]. - The company has made notable progress over the past year, including improvements in governance, cost controls, and the initiation of its AI and HPC strategy [3]. Group 3: Company Overview - Riot Platforms, Inc. is a prominent digital infrastructure company focused on developing large-scale data centers and Bitcoin mining operations [5].