Posted 12/8/2023, 1:16:00 PM
JPMorgan Boosts Bitcoin Price Target to $44K, Upgrades Riot Blockchain to Neutral
- JPMorgan raised its BTC price target to $44,000 and network hashrate assumption to 485 EH/s
- Cut CleanSpark (CLSK) rating to neutral, lowered price target to $8
- Upgraded Riot Platforms (RIOT) to neutral, raised price target to $12
- Remains overweight on top pick Iris Energy (IREN), increased price target to $9.50
- Maintains underweight on Marathon Digital (MARA) but raised price target to $8.50