{"id":520,"date":"2024-10-01T15:32:16","date_gmt":"2024-10-01T15:32:16","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=520"},"modified":"2024-10-01T15:32:16","modified_gmt":"2024-10-01T15:32:16","slug":"bernstein-raises-riot-platforms-price-target-to-22-maintains-outperform-rating","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=520","title":{"rendered":"Bernstein Raises Riot Platforms Price Target To $22, Maintains Outperform Rating"},"content":{"rendered":"<div>\n<p><strong>Bernstein <\/strong>has issued an \u201cOutperform\u201d rating for <strong>Riot Platforms<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/RIOT#NASDAQ\">RIOT<\/a>) with a price target of $22, indicating a 196% upside from its current price of $7.42. <\/p>\n<p><strong>What Happened: <\/strong>The investment bank bases its optimistic forecast on Riot\u2019s strategic focus on <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) mining, extensive power capacity and its positioning in the cryptocurrency market.<\/p>\n<p>Riot is currently building the world\u2019s largest Bitcoin mining data center in Corsicana, Texas, aiming for a 1-gigawatt (GW) power capacity. <\/p>\n<p>By 2025, the company is expected to control 8% of the Bitcoin network, translating to an estimated 57 exahashes per second (EH\/s) of the network\u2019s hash rate. <\/p>\n<p>\u201cWe &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41121820\/bernstein-raises-riot-platforms-price-target-to-22-maintains-outperform-rating\" alt=\"Bernstein\" raises riot platforms price target to maintains outperform rating>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bernstein has issued an \u201cOutperform\u201d rating for Riot Platforms (NASDAQ:RIOT) with a price target of $22, indicating a 196% upside from its current price of $7.42. What Happened: The investment bank bases its optimistic forecast on Riot\u2019s strategic focus on Bitcoin (CRYPTO: BTC) mining, extensive power capacity and its positioning in the cryptocurrency market. Riot [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-520","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=520"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/520\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}