JPMorgan Raises Price Targets for Several Bitcoin Mining Companies
According to a report by CoinDesk, JPMorgan raised its target prices for several Bitcoin mining companies in a research note released on June 13. The target price for CleanSpark (CLSK) was increased from $12 to $14, Riot Platforms (RIOT) from $13 to $14, and MARA Holdings (MARA) from $18 to $19.
The bank’s analysts stated that the adjustment is based on expectations of a 24% rise in Bitcoin prices and a 9% increase in total network hash rate. The report reiterated an "Overweight" rating for CleanSpark, IREN, and Riot Platforms, while maintaining a "Neutral" rating for Cipher Mining and MARA Holdings.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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