Is it a good time to buy mining stocks? Morgan Stanley believes Riot Platforms is expected to rise by 20% in the next 12 months
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Is it a good time to buy mining stocks? Analysts at Morgan Stanley believe that Riot Platforms is expected to rise by 20% in the next 12 months. The rise in Bitcoin prices has benefited cryptocurrency miners, but Riot Platforms' stock price has dropped by nearly 20%. The emergence of spot Bitcoin ETFs has weakened the attractiveness of mining stocks. Despite the upcoming Bitcoin halving, investors' anxiety may affect mining stocks. Analysts are optimistic about Riot Platforms' industry-leading position and liquidity portfolio, upgrading its rating to "hold" with a target price of $15
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