Riot Blockchain, Inc. (RIOT)
NASDAQ: RIOT · IEX Real-Time Price · USD
9.72
-0.23 (-2.31%)
At close: Jul 2, 2024, 4:00 PM
9.77
+0.05 (0.51%)
After-hours: Jul 2, 2024, 7:59 PM EDT
Riot Blockchain Stock Forecast
Stock Price Forecast
The 10 analysts with 12-month price forecasts for Riot Blockchain stock have an average target of 17.31, with a low estimate of 12 and a high estimate of 23. The average target predicts an increase of 78.09% from the current stock price of 9.72.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for RIOT stock from 10 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 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 5 | 5 | 4 | 4 | 4 |
| Buy | 3 | 3 | 4 | 5 | 5 | 6 |
| Hold | 2 | 2 | 1 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 11 | 10 | 10 | 9 | 9 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Reiterates $23 | Buy | Reiterates | $23 | +136.63% | Jun 25, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Initiates $20 → $23 | Buy | Initiates | $20 → $23 | +136.63% | Jun 11, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $16 → $12 | Buy | Maintains | $16 → $12 | +23.46% | Jun 4, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $15 → $13 | Strong Buy | Maintains | $15 → $13 | +33.74% | May 31, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $17 | Strong Buy | Reiterates | $17 | +74.90% | May 29, 2024 |
Financial Forecast
Revenue This Year
417.84M
from 280.68M
Increased by 48.87%
Revenue Next Year
811.08M
from 417.84M
Increased by 94.11%
EPS This Year
0.55
from -0.28
EPS Next Year
0.42
from 0.55
Decreased by -23.36%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 600.9M | 1.2B | 1.2B |
| Avg | 417.8M | 811.1M | 813.8M |
| Low | 309.5M | 470.8M | 623.1M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 114.1% | 192.0% | 45.0% |
| Avg | 48.9% | 94.1% | 0.3% |
| Low | 10.3% | 12.7% | -23.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.37 | 3.89 | 0.65 |
| Avg | 0.55 | 0.42 | 0.26 |
| Low | -0.29 | -0.63 | -0.31 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 611.9% | 55.7% |
| Avg | - | -23.4% | -38.2% |
| 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.