Riot Platforms, Inc. (RIOT)
NASDAQ: RIOT · Real-Time Price · USD
9.64
-0.55 (-5.40%)
At close: Oct 25, 2024, 4:00 PM
9.49
-0.15 (-1.56%)
After-hours: Oct 25, 2024, 7:52 PM EDT
Riot Platforms Stock Forecast
Stock Price Forecast
The 11 analysts with 12-month price forecasts for Riot Platforms stock have an average target of 16.96, with a low estimate of 9.50 and a high estimate of 22.5. The average target predicts an increase of 75.93% from the current stock price of 9.64.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Riot Platforms stock from 11 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 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 4 | 4 | 4 |
| Buy | 5 | 6 | 7 | 7 | 8 | 7 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 10 | 11 | 11 | 12 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Reiterates $22 | Buy | Reiterates | $22 | +128.22% | Oct 3, 2024 |
| Macquarie | Macquarie | Buy Initiates $15 | Buy | Initiates | $15 | +55.60% | Sep 24, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Reiterates $23 | Buy | Reiterates | $23 | +138.59% | Sep 3, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $12 → $9.5 | Buy | Maintains | $12 → $9.5 | -1.45% | Aug 23, 2024 |
| Needham | Needham | Strong Buy Maintains $13 → $14 | Strong Buy | Maintains | $13 → $14 | +45.23% | Aug 1, 2024 |
Financial Forecast
Revenue This Year
395.31M
from 280.68M
Increased by 40.84%
Revenue Next Year
713.99M
from 395.31M
Increased by 80.62%
EPS This Year
0.29
from -0.28
EPS Next Year
-0.31
from 0.29
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 463.7M | 1.1B | 809.5M |
| Avg | 395.3M | 714.0M | 757.8M |
| Low | 342.0M | 552.7M | 700.7M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 65.2% | 170.9% | 13.4% |
| Avg | 40.8% | 80.6% | 6.1% |
| Low | 21.9% | 39.8% | -1.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.81 | -0.16 | 0.54 |
| Avg | 0.29 | -0.31 | - |
| Low | -0.13 | -0.50 | -0.50 |
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.