Reported about 12 hours ago
Needham analyst John Todaro increased the price target for Riot Platforms Inc. (NASDAQ:RIOT) from $12 to $15, retaining a Buy rating due to promising opportunities at its Corsicana site, which is expected to meet the growing demand for high-performance computing. The site's favorable location near Dallas and significant capacity position it well for future growth. Although major leases are anticipated by mid-2026, Todaro highlights the potential financial impact on the stock price.
Source: YAHOO