Riot Platforms price target raised to $26 from $24.50 at Northland

Northland raised the firm’s price target on Riot Platforms (RIOT) to $26 from $24.50 and keeps an Outperform rating on the shares following the company’s Q3 report. While Corsicana remains Riot’s main near-term development priority, management noted that the 700 MW Rockdale site serves as the next logical step in the company’s broader data center growth strategy, the analyst tells investors.