Crypto

Morgan Stanley Gives Riot Platforms Thumbs Up

Guavy AI Editorial Team Published July 24, 2026

Instruments

BTC

Riot Platforms saw a 3.8% increase in its stock price on July 23, 2026, following a new analyst coverage by Morgan Stanley.

The firm initiated coverage with an Overweight rating and a $36 price target for Riot Platforms' stock.

This new analyst initiation refocused investors on the company's large power footprint and its potential to monetize that capacity through both Bitcoin mining and data-center uses, according to Quiver Quantitative.

The Wire

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