Keefe Bruyette Raises Riot Platforms PT to $23, Keeps Outperform Rating After AMD Data Center Lease Deal
ByAinvest
Saturday, Jan 31, 2026 4:05 am ET1min read
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Riot Platforms Inc. (RIOT) has raised its price target to $23 from $16 and maintained an Outperform rating by Keefe Bruyette following a 10-year 25MW Data Center Lease and Services Agreement with AMD at its Rockdale facility. The partnership is expected to generate ~$311 million in contract revenue and provide Riot Platforms with a high-quality tenant and organic demand visibility for its HPC and AI strategy.
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