On August 21, Riot Platforms rose 5.15% in regular trading, trading at $21.905/share, with turnover of approximately $91.73 million. The stock continues to ride momentum from a wave of analyst upgrades triggered by its landmark $9.1 billion, 20-year compute agreement with Anthropic announced on August 11.
Most recently, JPMorgan raised its price target to $22 on August 18, following Morgan Stanley's upgrade to $43 on August 14, and Macquarie's increase to $35 from $30 on August 12. Piper Sandler also lifted its target to $25. The FactSet consensus average target now stands at approximately $32.98, well above the current trading price. The broader crypto and digital infrastructure sector showed concurrent strength, with Strategy up 7.3%, Circle Internet up 10.81%, and IREN up 6.28%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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