{"id":22453,"date":"2023-05-15T22:44:39","date_gmt":"2023-05-15T22:44:39","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/05\/15\/riot-platforms-stock-has-another-22-upside-hcw-analyst\/"},"modified":"2023-05-15T22:44:39","modified_gmt":"2023-05-15T22:44:39","slug":"riot-platforms-stock-has-another-22-upside-hcw-analyst","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/05\/15\/riot-platforms-stock-has-another-22-upside-hcw-analyst\/","title":{"rendered":"Riot Platforms stock has another 22% upside: HCW analyst"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/dmitry-demidko-xZJpKskRdOg-unsplash-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/dmitry-demidko-xZJpKskRdOg-unsplash-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/dmitry-demidko-xZJpKskRdOg-unsplash-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/dmitry-demidko-xZJpKskRdOg-unsplash-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2023\/04\/dmitry-demidko-xZJpKskRdOg-unsplash.jpg\" alt=\"buy riot platforms stock hcw analyst\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Riot Platforms reported sturdy outcomes for its Q1 final week.<\/li>\n<li>HCW analyst raised his PT on Riot Platforms stock right now.<\/li>\n<li>Mike Colonnese defined his bullish view in a analysis notice.<\/li>\n<\/ul>\n<p>Shares of Riot Platforms Inc have already greater than tripled this yr however an H.C. Wainwright analyst says additional upside will unravel transferring ahead.<\/p>\n<h2>Riot Platforms stock has upside to $13.50<\/h2>\n<p>On Monday, Mike Colonnese reiterated his purchase score on the <a href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin\/\">bitcoin<\/a> miner and raised his worth goal to $13.50 a share \u2013 up another 22% from right here.<\/p>\n<p>His bullish notice on Riot Platforms stock arrives solely days after the corporate mentioned plenty of its key working metrics, together with hash fee, pushed to a report excessive in its first quarter.<\/p>\n<blockquote>\n<p>With sturdy stability sheet and important runway for future mining enlargement, RIOT is properly positioned to outpace development of community hash fee over the subsequent yr.<\/p>\n<\/blockquote>\n<p>Riot sees its combination hash fee to climb from 10.5 EH\/s in Q1 to 12.5 EH\/s within the again half of 2023.<\/p>\n<h2>Riot Platforms income was up 22% sequentially<\/h2>\n<p>At $73 million, the Nasdaq-listed agency got here in shy of consensus estimates for income in its lately concluded quarter.<\/p>\n<p>But the HCW analyst stays constructive on Riot Platforms stock for the reason that income nonetheless represented a whopping 22% sequential development. His <a href=\"https:\/\/hcwco.bluematrix.com\/sellside\/EmailDocViewer?encrypt=b64d6040-8b49-4939-b88d-8a4475c00087&amp;mime=pdf&amp;co=Hcwco&amp;id=jayson.derrick@investoogroup.com&amp;source=mail\" target=\"_blank\" rel=\"noopener\">research note<\/a> additionally mentioned:<\/p>\n<blockquote>\n<p>A premium is warranted given Riot Platforms\u2019 business main working capability, low electrical energy prices, and robust stability sheet.<\/p>\n<\/blockquote>\n<p>Other notable figures within the firm\u2019s <a href=\"https:\/\/finance.yahoo.com\/news\/riot-platforms-inc-riot-surpasses-000512969.html\" target=\"_blank\" rel=\"noopener\">earnings release<\/a> embody a 51% year-on-year enhance in bitcoin produced and mining margins that greater than doubled versus the earlier quarter. Note that the bitcoin miner has already touched $13.50 (Mike Colonnese\u2019s worth goal) as soon as this yr.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/buy-riot-platforms-stock-hcw-analyst\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Riot Platforms reported sturdy outcomes for its Q1 final week. HCW analyst raised his PT on Riot Platforms stock right now. Mike Colonnese defined his bullish view in a analysis notice. Shares of Riot Platforms Inc have already greater than tripled this yr however an H.C. Wainwright analyst says additional upside will unravel transferring [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22455,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[4],"tags":[551,6881,453,1501,1388,1821],"class_list":["post-22453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-analyst","tag-hcw","tag-platforms","tag-riot","tag-stock","tag-upside","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/22453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=22453"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/22453\/revisions"}],"predecessor-version":[{"id":22454,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/22453\/revisions\/22454"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/22455"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=22453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=22453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=22453"}],"curies":[{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