Riot Platforms, Inc. (RIOT)
NASDAQ: RIOT · Real-Time Price · USD
10.21
-0.29 (-2.76%)
At close: Dec 31, 2024, 4:00 PM
10.23
+0.02 (0.20%)
After-hours: Dec 31, 2024, 7:59 PM EST
Riot Platforms Stock Forecast
Stock Price Forecast
The 11 analysts with 12-month price forecasts for Riot Platforms stock have an average target of 17.32, with a low estimate of 11 and a high estimate of 23. The average target predicts an increase of 69.64% from the current stock price of 10.21.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Riot Platforms stock from 12 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 5 | 5 | 4 |
| Buy | 7 | 7 | 8 | 6 | 6 | 7 |
| Hold | 0 | 0 | 0 | 0 | 0 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 11 | 11 | 12 | 11 | 11 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Piper Sandler | Piper Sandler | Buy Initiates $23 | Buy | Initiates | $23 | +125.27% | Dec 17, 2024 |
| Jones Trading | Jones Trading | Hold Initiates n/a | Hold | Initiates | n/a | n/a | Dec 12, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $9.5 → $16 | Buy | Maintains | $9.5 → $16 | +56.71% | Dec 10, 2024 |
| Compass Point | Compass Point | Strong Buy Maintains $18 → $13 | Strong Buy | Maintains | $18 → $13 | +27.33% | Oct 31, 2024 |
| Macquarie | Macquarie | Buy Maintains $15 → $18 | Buy | Maintains | $15 → $18 | +71.40% | Oct 31, 2024 |
Financial Forecast
Revenue This Year
363.93M
from 280.68M
Increased by 29.66%
Revenue Next Year
690.58M
from 363.93M
Increased by 89.76%
EPS This Year
-0.07
from -0.28
EPS Next Year
-0.23
from -0.07
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 405.2M | 1.2B | 1.1B | |
| Avg | 363.9M | 690.6M | 797.1M | |
| Low | 303.8M | 479.2M | 652.7M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 44.4% | 224.0% | 55.7% | |
| Avg | 29.7% | 89.8% | 15.4% | |
| Low | 8.2% | 31.7% | -5.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.08 | 3.73 | -0.18 |
| Avg | -0.07 | -0.23 | -0.37 |
| Low | -0.39 | -0.95 | -0.61 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | - |
| Avg | - | - | - |
| Low | - | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.