Roth Capital analyst Darren Aftahi maintained a Buy rating on Riot Blockchain (RIOT – Research Report) yesterday and set a price target of $15.00. The company’s shares closed last Friday at $6.65.
Aftahi covers the Technology sector, focusing on stocks such as Argo Blockchain, Alarm, and fuboTV. According to TipRanks, Aftahi has an average return of 16.3% and a 36.83% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Riot Blockchain with a $14.83 average price target.
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RIOT market cap is currently $1.03B and has a P/E ratio of -2.35.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RIOT in relation to earlier this year.
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Riot Blockchain Inc is focused on building, supporting and operating blockchain technologies. Distributed blockchain technology is a decentralized and encrypted ledger that is designed to offer a secure, efficient, verifiable and permanent way of storing records and other information without the need for intermediaries. It serves as a medium of exchange, store of value or unit of account. The company’s portfolio consists of Verady, Tesspay, Coinsquare, and others.
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