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Bullish analyst upgrade with meaningful indicated upside; the assessment depends on Jefferies' view and is not independently confirmed by the supplied facts.
What happened, with direct paths to the underlying reporting
Jefferies upgraded RIOT to Buy with a $28 target, versus a posted price of $17.66. The target implies material upside, but is an analyst forecast rather than a guaranteed outcome.
Target: $28
Posted price: $17.66
Analyst firm: Jefferies
Analyst: Jonathan Petersen
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