When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Riot Platforms, Inc. (RIOT) closed the most recent trading day at $16.7, moving +1.4% from the previous trading session.
Riot Platforms, Inc. (RIOT) concluded the recent trading session at $18.54, signifying a -2.06% move from its prior day's close.
Shares of Riot Platforms Inc (NASDAQ:RIOT) are headed for a ninth loss in 10 sessions, last seen down 0.6% at $19.20.
Riot Platforms shifts from a Bitcoin treasury model to a data center landlord, leveraging 1.7 GW of approved Texas power capacity amid rising AI energy demand. RIOT has secured $9.8 billion in contracted lease revenue through 2048, with major tenants including AMD and an unnamed AI lab, but the bulk of earnings materialize post-2027. The valuation now hinges on contracted NOI and unleased capacity optionality, with Corsicana's 1 GW site representing significant upside if a full-site lease is signed.
In the latest trading session, Riot Platforms, Inc. (RIOT) closed at $19.62, marking a -2.63% move from the previous day.
I continued to rate Riot Platforms a Strong Buy with an increased price target of $35, implying 75% upside from the current level. RIOT's 20-year, 191 MW AI lab lease at Rockdale secures $9.1B in contract revenue, driving $365–$411M in annual NOI at 80–90% margins. I retain my 20x FWD EV/EBITDA multiple, despite the sector median sitting closer to 14.2x.
Riot Platforms, Inc. (RIOT) reached $20.95 at the closing of the latest trading day, reflecting a -2.42% change compared to its last close.
Riot Platforms, Inc. (RIOT) concluded the recent trading session at $22.16, signifying a +1.63% move from its prior day's close.
Bitcoin (BTC) mining name Riot Platforms Inc (NASDAQ:RIOT) is surging today, up 11.6% at $20.79 at last glance while Bitcoin taps three-month highs.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.