RIOT stock gains 4.7% as JPMorgan lifts target to $22
RIOT stock has climbed 4.7% to $19.91 after JPMorgan raised its Riot Platforms price target to $22 following the Bitcoin miners $9.1 billion data center agreement reportedly involving Anthropic. SummaryJPMorgan raised its RIOT target from $20 to $22 and retained an Overweight rating.Riots 20-year data center contract is expected to generate $9.1 billion in revenue.Morgan Stanley separately increased its RIOT target from $36 to $43.RIOT faces resistance at $20.48, while its main 4-hour support sits near $18.50. JPMorgan sees momentum building at Riot Platforms On Aug. 1, JPMorgan had increased its price target for Riot Platforms from $20 to $22 while keeping an Overweight rating on the Nasdaq-listed stock. Riot Platforms $RIOT price target raised to $22 from $20 at JPMorgan JPMorgan raised the firms price target on Riot Platforms to $22 from $20 and keeps an Overweight rating on the shares. The company is “building momentum” with an Anthropic lease signed at attractive… JPMorgan analysts said Riot was “building momentum” after securing its latest data center agreement at what the bank described as “attractive economics.” The analysts also said work connected to Riots existing lease with chipmaker AMD remained on schedule. At $19.91, RIOT traded about 10.5% below JPMorgans revised target. The 4-hour chart showed the









