JPMorgan downgraded Riot Platforms' stock rating to 'Neutral' from 'Overweight' on July 28, 2025. This adjustment reflects the firm's updated outlook on the company's valuation.
Despite the downgrade, JPMorgan simultaneously raised its price target for RIOT shares to $15.00, up from the previous target of $14.00. This indicates a revised valuation perspective rather than a complete loss of confidence.
The analyst action suggests that while Riot Platforms continues to be a strong performer in the crypto sector, its valuation may have become stretched, prompting a more cautious stance from JPMorgan.
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