RIOT — Riot Platforms, Inc. - Common Stock
Session close: $16.71. Regular-session share volume: 42,408,595. Change from previous close: +13.21%.
Key developments
Multiple analysts updated Riot Platforms ratings and targets, with Bernstein, H.C. Wainwright, ATB Cormark and Northland maintaining buy or outperform views. Chardan and Needham raised targets following third-quarter results and the company's AI infrastructure and data center expansion plans.
Company news Multiple Wall Street Firms Update Ratings and Price Targets for Riot Platforms · Company news Analysts Adjust Price Targets for Riot Platforms Following Q3 Earnings · Company news Needham Maintains Buy Rating and Raises Price Target on Riot Platforms
Riot signed a long-term powered land lease at its Corsicana, Texas site, with Needham identifying Anthropic as tenant. Analysts said the structure lowers Riot's construction spending and shifts operating risk to the tenant, but Needham flagged that the Texas election outcome raises uncertainty around project timing and permitting delays.
Company news Riot Platforms’ Powered Land Lease Lowers Build Costs, But Texas Election Adds Timing Risk, Analysts Say
Bernstein noted Riot outperformed other AI infrastructure names despite data center exposure, citing secured power capacity as increasingly valuable under tighter regulation.
Market context — Mentions RIOT in the article text. AI Stocks Got Hammered After Midterms, but This Analyst Says the Panic Is Overblown
News sources
Company news Multiple Wall Street Firms Update Ratings and Price Targets for Riot Platforms · Company news Analysts Adjust Price Targets for Riot Platforms Following Q3 Earnings · Company news Riot Platforms’ Powered Land Lease Lowers Build Costs, But Texas Election Adds Timing Risk, Analysts Say · Company news Needham Maintains Buy Rating and Raises Price Target on Riot Platforms · Company news Bernstein Maintains Outperform on Riot Platforms, Raises Price Target to $30 · Market context — Mentions RIOT in the article text. AI Stocks Got Hammered After Midterms, but This Analyst Says the Panic Is Overblown