Riot Platforms price target raised to $16 from $9.50 at JPMorgan

JPMorgan analyst Reginald Smith raised the firm’s price target on Riot Platforms (RIOT) to $16 from $9.50 and keeps an Overweight rating on the shares. The firm updated its bitcoin miner price targets and models to reflect the Q3 results and increases inbitcoin priceand the network hashrate.

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