A cryptocurrency company based out of Pennsylvania found a way to finish the week off on a good note after it was recently announced that B. Riley raised the stock's price target
The week started off strong for B. Riley as they raised the price target on Bitcoin Depot (NASDAQ:BTM) from $4.70 to $5.50/share, maintaining their buy rating. Considering that the company closed at just $2.09 yesterday, it’s no wonder that traders rushed to get their hands on shares. This morning saw the small cap rise to $2.87/share (+37.32%) at the early session high. This move is a continuation of the success this stock has had over the last few weeks.
Bitcoin Depot Inc. operates a multi-crypto currency automated teller machine (ATM) network, which provides users to buy and sell Bitcoin, Litecoin, and Ethereum, and bitcoin cash. Bitcoin Depot Inc. was incorporated in 2016 and is based in Atlanta, Georgia. Bitcoin Depot Inc. operates as a subsidiary of BT Assets.
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