RIOT - What's Going On With Bitcoin Mining Stock Riot Platforms? | Benzinga
Riot Platforms Inc (NASDAQ:RIOT) shares are trading higher Wednesday on the back of an upgrade from JPMorgan.
What Happened: JPMorgan analyst Reginald Smith upgraded Riot Platforms from a Neutral rating to an Overweight rating and set a price target of $15.
Smith highlighted Riot’s "unique combination of industry-leading power contracts, scale and liquidity” and noted that Riot stock offers the most relative upside compared to the other popular bitcoin mining stocks.
The JPMorgan analyst also pointed to the company’s growing ...