Movement Alert｜Riot Platforms Rises 5.63% in Pre-Market Trading, Multiple Investment Banks Raise Target Prices Following $9.1 Billion AI Data Center Deal

Market Focus

Aug 12

On August 12, Riot Platforms rose 5.63% in pre-market trading, trading at $21.40/share, with turnover of $16.48 million.

On the news front, Macquarie raised its target price on Riot Platforms from $30 to $35 while maintaining an Outperform rating, and Piper Sandler also raised its target price to $25. According to FactSet, the stock now carries an average analyst rating of Buy with a mean price target of $32.98.

The coordinated upgrades follow the company's announcement on the prior trading day of a landmark 20-year, 191-megawatt data center lease agreement with frontier AI lab Anthropic, expected to generate up to $9.1 billion in total revenue. The deal marks Riot Platforms' formal entry into the AI-driven data center market — a strategic pivot previously urged by activist investor Starboard Value, which holds approximately 12.7 million shares. While the company's Q2 EPS loss of $0.68 significantly missed the consensus estimate of a $0.28 loss, revenue of $174.2 million beat the $152.1 million estimate, and market attention has clearly shifted toward the long-term revenue visibility offered by the AI transformation.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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It does not constitute investment advice or a basis for trading decisions.)</p></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RIOT","symbol_name":"Riot Platforms","start_time":0,"source_url":"","article_id":"1117718073","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1117718073","pubTimestamp":1786540029,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On August 12, Riot Platforms rose 5.63% in pre-market trading, trading at $21.40/share, with turnover of $16.48 million.On the news front, Macquarie raised its target price on Riot Platforms from $30...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"RIOT":"Riot Platforms"},"translate_title":"走势警报|Riot Platforms 盘前交易上涨 5.63%，多家投资银行在 91 亿美元人工智能数据中心交易后上调目标价","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RIOT":1},"content_text":"On August 12, Riot Platforms rose 5.63% in pre-market trading, trading at $21.40/share, with turnover of $16.48 million.On the news front, Macquarie raised its target price on Riot Platforms from $30 to $35 while maintaining an Outperform rating, and Piper Sandler also raised its target price to $25. 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