Riot Platforms Earns $23 and $25 Price Targets After 25 MW AMD Lease
Citizens maintained a Market Outperform rating with a $25 price target on February 19 after Riot improved governance and launched its AI/HPC strategy, while Keefe, Bruyette & Woods raised its price target from $16 to $23 following a 10-year, 25-megawatt AMD lease. Starboard highlighted Riot’s 1.7 GW power capacity.
1. Analyst Ratings Boost Price Targets
Citizens maintained a Market Outperform rating on Riot Platforms with a $25 price target on February 19 following governance improvements and its AI/HPC strategy launch. Keefe, Bruyette & Woods increased its price target from $16 to $23 after evaluating recent contract wins.
2. 10-Year, 25-MW AMD Lease Accelerates HPC Strategy
Riot signed a 10-year, 25-megawatt lease agreement with Advanced Micro Devices, which underpins early momentum in its high-performance computing push and secures long-term revenue streams from a marquee technology client.
3. Starboard Highlights Power Monetization Potential
Starboard emphasized Riot’s 1.7 gigawatts of fully available power capacity at Corsicana and Rockdale data centers, identifying these assets as prime locations to attract high-quality AI and HPC hosting deals at favorable terms.