Why Jefferies Recommends Riot Platforms Inc (RIOT) Stock
Jefferies has initiated coverage of Riot Platforms Inc (RIOT) with a Buy rating and a $37 price target, citing the company's growing digital infrastructure operation and vertically integrated business model. Riot's strategic campuses in Texas and its in-house manufacturing capabilities for data center components are key factors in Jefferies' recommendation. The investment thesis relies on Riot securing anchor tenants and converting its power assets into large-scale AI deployments, though the article also suggests other AI stocks might offer greater upside with less risk.
https://sg.finance.yahoo.com/news/why-jefferies-recommends-riot-platforms-233310946.html