Bernstein analyst Gautam Chhugani maintained a "Buy" rating and a $30.00 price target on Riot Platforms, Inc. Riot Platforms will announce its second-quarter 2026 financial results on July 30.
The bullish rating reflects Riot's strategic potential beyond cryptocurrency mining. Analysts highlight the value of Riot's large-scale data center infrastructure in Texas. They view this infrastructure as a key asset for the rapidly expanding artificial intelligence and high-performance computing markets.