Citizens and KBW Stay Positive on Riot Platforms, Inc. (RIOT)

Riot Platforms, Inc. (NASDAQ:RIOT) is one of the 15 AI Stocks With Explosive Growth Potential.

Riot Platforms, Inc. (NASDAQ:RIOT) is one of the best AI stocks with explosive growth potential. On February 19, Citizens reiterated its Market Outperform rating on Riot Platforms, Inc. (NASDAQ:RIOT) with a price target of $25. This update comes after Starboard, an investment adviser, delivered a public letter to Riot Platforms, Inc. (NASDAQ:RIOT) outlining that the company is not fully monetizing its power portfolio.

Starboard believes Riot Platforms, Inc. (NASDAQ:RIOT) is in a strong position to secure high-quality AI and high-performance computing (HPC) deals with its 1.7 gigawatts of fully available power. Starboard noted that the company’s Corsicana and Rockdale sites are two premier sites for AI and HPC hosting and could achieve attractive deal terms. Citizens acknowledged the progress Riot Platforms, Inc. (NASDAQ:RIOT) has made over the past year, including improvements in governance, better cost controls, and the launch of its AI and HPC strategy.

Earlier, on January 27, Keefe, Bruyette & Woods increased its price target on Riot Platforms, Inc. (NASDAQ:RIOT) from $16 to $23 and kept its Outperform rating on the stock. This update comes after the company signed a 10-year, 25-megawatt lease agreement with Advanced Micro Devices, Inc. (NASDAQ:AMD). Keefe, Bruyette & Woods believes this deal shows early momentum in Riot Platforms, Inc.’s (NASDAQ:RIOT) move toward high-performance computing.

Riot Platforms, Inc. (NASDAQ:RIOT) is a leading digital infrastructure company that specializes in the development of large-scale data centers and Bitcoin mining operations.