Wall Street Thinks Riot Platforms’ Data Center Business Has Further Upside

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Wall Street analysts are raising price targets on Riot Platforms, citing growing confidence in its data center business. Keefe Bruyette lifted its target from $23 to $37 with an Outperform rating, noting the company's access to power and pre-secured equipment, and increased confidence after visiting the Corsicana facility. Clear Street raised its target to $38 from $26 with a Buy rating, pointing to AI and HPC opportunities. Riot Platforms operates Bitcoin mining and data center services.

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Riot Platforms, Inc.
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Analysts raised price targets and ratings, citing confidence in data center business and AI/HPC opportunities.

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