Riot Platforms price target raised to $29 from $16 at Clear Street

Clear Street analyst Brian Dobson raised the firm’s price target on Riot Platforms (RIOT) to $29 from $16 and keeps a Buy rating on the shares. Riot Platforms remains a top pick as the company prepares to pivot to high-performance computing/artificial intelligence data center development, the analyst tells investors in a research note. The firm added that it believes recent enthusiasm in shares is warranted, and that further upside remains.