RIOT Stock Price: $44 Target From B. Riley

By Amit Chowdhry ● Jun 1, 2021
  • The shares of Riot Blockchain Inc (NASDAQ: RIOT) have received a price target increase from $43 to $44 from B. Riley. These are the details.

The shares of Riot Blockchain Inc (NASDAQ: RIOT) have received a price target increase from $43 to $44 from B. Riley. And B. Riley analyst Lucas Pipes assigned the company a “Buy” rating.

Pipes had cited the closure of the company’s acquisition of Whinstone. And Pipes believes that the official closing of the deal is a major positive for the company. 

Now that the acquisition is complete, Pipes believes that the company’s growth is significantly de-risked. And the closure also enabled Riot to disclose a number of important guidance items to investors such as final net energy costs and the estimated power capacity. 

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.