Crypto Stocks Rise With Bitcoin Above $84K – Analysts Raise Riot, Robinhood Price Targets

Wall Street raised targets for Riot Platforms and Robinhood but cut forecasts for IREN, Bullish, and Gemini.

• B. Riley raised its Riot Platforms price target to $33 from $28, but cut its IREN target to $91 from $96, maintaining a ‘Buy’ rating for both. 
• Bullish and Gemini received sharp price-target cuts from Keefe Bruyette, which flagged concerns around tokenization, market share and profitability.
• Keefe Bruyette raised its Robinhood target to $115 from $100, citing stronger-than-expected quarter-to-date trading volumes across equities, options and crypto.

Crypto-linked stocks moved higher in morning trade Tuesday as Bitcoin (BTC) reclaimed $84,000, giving digital-asset equities a lift despite mixed analyst calls across the sector.

Bitcoin’s price rose about 1.2% over the past 24 hours, moving back above $84,000 and helping lift broader crypto-related stocks. On Stocktwits, retail sentiment around the apex cryptocurrency fell to ‘bearish’ from ‘neutral’ territory over the past day. 

B. Riley Raises Riot Target, Cuts IREN Forecast

B. Riley raised its price target on the Riot Platform (RIOT) to $33 from $28 while maintaining a ‘Buy’ rating. RIOT stock gained 2.2% in morning trade, and retail sentiment on Stocktwits around the Bitcoin miner, now gearing up to be a data center infrastructure provider, remained in ‘bearish’ territory over the past day.