Citi upgraded Riot Platforms (RIOT) to Buy from Neutral with a price target of $24, up from $13.75. The firm cites the company’s ramping transition to artificial intelligence and high performance computing for the upgrade. Riot’s assets are positioned favorably as platforms rush to build compute capacity, the analyst tells investors in a research note.
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Read More on RIOT:
- Riot Platforms upgraded to Buy from Neutral at Citi
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