Cantor Fitzgerald Lowers Riot Platforms Price Target to $25
Cantor Fitzgerald has revised its price target for Riot Platforms (RIOT) to $25, down from a previous target of $26. Despite this adjustment, the firm maintains an Overweight rating on the company’s shares.
Riot Platforms’ Bitcoin Production
In October, Riot Platforms mined a total of 437 Bitcoin, averaging 14.1 Bitcoin per day. This marks a decline from September’s output of 445 Bitcoin, or 14.8 Bitcoin per day.
Focus on AI and HPC Developments
During its recent Q3 earnings call, Riot Platforms did not share an update regarding its artificial intelligence (AI) and high-performance computing (HPC) initiatives. Analysts noted that these developments had been a key focus for the company.
Investment Insight
- Current Price Target: $25
- Previous Price Target: $26
- Bitcoin Mined in October: 437
- Average Daily Bitcoin Production: 14.1
- Bitcoin Mined in September: 445
- Average Daily Production in September: 14.8
Investors are encouraged to monitor further insights on Riot Platforms, particularly regarding its future strategies in AI and HPC. The company’s ability to adapt to market trends will be crucial for its growth moving forward.
