JPMorgan Raises Riot Platforms Price Target to $22 on Lease Execution
JPMorgan lifted its Riot Platforms price target to $22 from $20 and kept an Overweight rating, citing Riot’s handling of its existing lease with AMD. Phase 2 delivering 20 megawatts of IT capacity in May increases total AMD capacity online to 25 megawatts. Morgan Stanley also raised its target to $43 from $36, maintaining Overweight.