Riot Platforms, Inc. (RIOT)
NASDAQ: RIOT · Real-Time Price · USD
12.31
+0.55 (4.68%)
At close: Nov 22, 2024, 4:00 PM
12.39
+0.08 (0.65%)
After-hours: Nov 22, 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 16.68, with a low estimate of 9.50 and a high estimate of 22.5. The average target predicts an increase of 35.50% from the current stock price of 12.31.
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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 4 | 5 | 5 |
| Buy | 6 | 7 | 7 | 8 | 6 | 6 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10 | 11 | 11 | 12 | 11 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Compass Point | Compass Point | Strong Buy Maintains $18 → $13 | Strong Buy | Maintains | $18 → $13 | +5.61% | Oct 31, 2024 |
| Macquarie | Macquarie | Buy Maintains $15 → $18 | Buy | Maintains | $15 → $18 | +42.16% | Oct 31, 2024 |
| Needham | Needham | Strong Buy Reiterates $11 | Strong Buy | Reiterates | $11 | -10.64% | Oct 31, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $17 | Strong Buy | Reiterates | $17 | +38.10% | Oct 31, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Reiterates $22 | Buy | Reiterates | $22 | +78.72% | Oct 3, 2024 |
Financial Forecast
Revenue This Year
363.59M
from 280.68M
Increased by 29.54%
Revenue Next Year
664.25M
from 363.59M
Increased by 82.69%
EPS This Year
-0.08
from -0.28
EPS Next Year
-0.36
from -0.08
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 403.1M | 934.2M | 1.1B |
| Avg | 363.6M | 664.3M | 801.9M |
| Low | 303.8M | 479.2M | 652.7M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 43.6% | 156.9% | 61.8% |
| Avg | 29.5% | 82.7% | 20.7% |
| Low | 8.2% | 31.8% | -1.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.34 | 2.36 | -0.18 |
| Avg | -0.08 | -0.36 | -0.47 |
| Low | -0.39 | -0.95 | -0.75 |
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.