RIOT stock gains 4.7% as JPMorgan lifts target to $22

RIOT stock has climbed 4.7% to $19.91 after JPMorgan raised its Riot Platforms price target to $22 following the Bitcoin miner’s $9.1 billion data center agreement reportedly involving Anthropic. Summary JPMorgan raised its RIOT target from $20 to $22 and retained an Overweight rating. Riot’s 20-year data center contract is expected to generate $9.1 billion in revenue. Morgan Stanley separately increased its RIOT target from $36 to $43. RIOT faces resistance at $20.48, while its main 4-hour support sits near $18.50. JPMorgan sees momentum building at Riot Platforms On Aug. 1, JPMorgan had increased its price target for Riot Platforms from $20 to $22 while keeping an Overweight rating on the Nasdaq-listed stock. Riot Platforms $RIOT price target raised to $22 from $20 at JPMorganJPMorgan raised the firm's price target on Riot Platforms to $22 from $20 and keeps an Overweight rating on the shares. The company is "building momentum" with an Anthropic lease signed at "attractive… pic.twitter.com/wvDpwOmGof— TipRanks (@TipRanks) August 17, 2026 JPMorgan analysts said Riot was “building momentum” after securing its latest data center agreement at what the bank described as “attractive ec...