On November 6, Riot Platforms rose 5.49% in Pre-Market Trading, trading at $15.33, with turnover of $259,500.

The move followed continued positive read-through from the company’s third-quarter results and a fresh analyst target price increase.

Riot Platforms previously reported third-quarter revenue of $181.4 million, above the $160.8 million market expectation, while EPS came in at $0.01 versus the expected loss of $0.27 per share. Net income was $4.03 million, compared with expectations for a loss. After the earnings release, Chardan raised its price target to $32 from $27.50 and maintained a Buy rating; another post-earnings target increase to $35 was also reported. The earnings backdrop also showed strong engineering revenue growth and continued progress in its data center transition.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)