In a report released today, Michael Grondahl from Northland Securities maintained a Buy rating on Riot Platforms (RIOT – Research Report), with a price target of $18.00. The company’s shares closed yesterday at $13.05.
Grondahl covers the Financial sector, focusing on stocks such as Riot Platforms, OneMain Holdings, and Bitcoin Depot. According to TipRanks, Grondahl has an average return of 8.8% and a 47.41% success rate on recommended stocks.
Riot Platforms has an analyst consensus of Strong Buy, with a price target consensus of $18.13, representing a 38.93% upside. In a report released on January 30, Roth MKM also maintained a Buy rating on the stock with a $22.50 price target.
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RIOT market cap is currently $2.34B and has a P/E ratio of -7.78.
Based on the recent corporate insider activity of 33 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Riot Platforms (RIOT) Company Description:
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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