J.P. Morgan forecasts 45% upside for Riot through 2026

J.P. Morgan issued an overweight rating for Riot Platforms (NASDAQ: RIOT) and set a price target of 20ina2026equitytradeideasoutlookreport.Thetargetrepresentsa4520 in a 2026 equity trade ideas outlook report. The target represents a 45% increase from the closing price of 13.71 recorded on Monday. The report, titled U.S. Equity Year Ahead Stocks for 2026, includes the firm’s 57 stock picks for the upcoming year. Analysts highlighted that Riot is transitioning from bitcoin mining into an AI infrastructure provider as we’ve seen with other bitcoin mining companie ...