Riot Platforms price target raised to $42 from $17.50 at Roth Capital

Roth Capital analyst Darren Aftahi raised the firm’s price target on Riot Platforms (RIOT) to $42 from $17.50 and keeps a Buy rating on the shares after having hosted Riot’s CEO for meetings. The firm utilizes a sum-of-the-parts analysis to a apply a net present value estimate to Riot converting its roughly 1.7GW portfolio to high-performance computing, driving its revised price target