Greenidge Outperforms Peers as B. Riley Analyst Sees Higher Earnings Potential

In a research note, B. Riley analyst Lucas Pipes raised his 2022 adjusted EBITDA estimate for Greenidge to $150.7 million from prior expectations of $115.2 million, citing its larger order for miners, and raised the company’s 12-month price target to $82 per share from $78.

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