Wall Street Thinks Riot Platforms’ (RIOT) Data Center Business Has Further Upside
Key takeaways
- Wall Street Thinks Riot Platforms’ (RIOT) Data Center Business Has Further Upside Jabran Kundi Thu, July 2, 2026 at 7:48 PM GMT+7 2 min read RIOT BTC-USD Riot Platforms Inc.
- On a more bullish note, Clear Street also raised its price target on Riot Platforms Inc.
- (NASDAQ:RIOT) operates as a Bitcoin mining company.
Wall Street Thinks Riot Platforms’ (RIOT) Data Center Business Has Further Upside Jabran Kundi Thu, July 2, 2026 at 7:48 PM GMT+7 2 min read RIOT BTC-USD Riot Platforms Inc. (NASDAQ:RIOT) is one of the 10 Bitcoin Miners That Are Now Data Center Companies. On June 9, Keefe Bruyette raised its price target on Riot Platforms Inc. (NASDAQ:RIOT) from $23 to $37 and kept an Outperform rating on the stock. The firm believes that the company is well positioned in the digital infrastructure market because it already has access to the power it needs and has secured key equipment in advance. Moreover, after visiting RIOT's Corsicana facility, the firm became more confident in the company's data center capabilities and its ability to secure tier-3 capacity leases at both the Corsicana and Rockdale sites. Strong customer demand and ongoing discussions with large cloud and AI companies could create further growth opportunities for the company, the analyst told investors in a research note.
On a more bullish note, Clear Street also raised its price target on Riot Platforms Inc. (NASDAQ:RIOT) to $38 from $26 and reiterated a Buy rating on June 4. The upward price target revision reflects the analyst's growing confidence in the company's AI and HPC opportunities, driven by strong investor interest in data centers.
Riot Platforms Inc. (NASDAQ:RIOT) operates as a Bitcoin mining company. It operates in two segments, Bitcoin mining and Engineering. The company offers comprehensive and critical infrastructure for Bitcoin mining and data center services. The company was founded in 2000 and is based in Castle Rock, Colorado.