Riot Platforms Inc (NASDAQ: RIOT) stock enjoyed a major increase of 10.7% on 11/2/23. The shares closed at $11.30. The stock has been exceptionally strong relative to the market over the last nine months and has risen 7.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be below the cost of capital, RIOT is expected to be a modest Value Eraser.
Riot Platforms has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Riot Platforms has a good Appreciation Score of 75 and a very high Power Rating of 98, triggering the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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