Riot Platforms, Inc. (RIOT)
NASDAQ: RIOT · Real-Time Price · USD
8.48
+0.04 (0.47%)
At close: May 9, 2025, 4:00 PM
8.47
-0.01 (-0.12%)
After-hours: May 9, 2025, 7:59 PM EDT
Riot Platforms Stock Forecast
Stock Price Forecast
The 10 analysts with 12-month price forecasts for Riot Platforms stock have an average target of 16.25, with a low estimate of 12 and a high estimate of 21. The average target predicts an increase of 91.63% from the current stock price of 8.48.
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 | Dec '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 | May '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 5 | 5 | 5 | 5 |
| Buy | 7 | 7 | 7 | 7 | 5 | 5 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 12 | 12 | 13 | 13 | 11 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Needham | Needham | Strong Buy Maintains $14 → $12 | Strong Buy | Maintains | $14 → $12 | +41.51% | May 2, 2025 |
| Piper Sandler | Piper Sandler | Buy Maintains $23 → $18 | Buy | Maintains | $23 → $18 | +112.26% | Apr 28, 2025 |
| JP Morgan | JP Morgan | Buy Maintains $16 → $13 | Buy | Maintains | $16 → $13 | +53.30% | Mar 13, 2025 |
| Roth MKM | Roth MKM | Strong Buy Reiterates $20 | Strong Buy | Reiterates | $20 | +135.85% | Feb 25, 2025 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Maintains $23 → $21 | Buy | Maintains | $23 → $21 | +147.64% | Feb 25, 2025 |
Financial Forecast
Revenue This Year
700.43M
from 376.66M
Increased by 85.96%
Revenue Next Year
769.44M
from 700.43M
Increased by 9.85%
EPS This Year
-0.67
from 0.34
EPS Next Year
-0.47
from -0.67
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 852.7M | 1.1B | 1.6B | ||
| Avg | 700.4M | 769.4M | 1.1B | ||
| Low | 532.7M | 543.9M | 587.0M |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 126.4% | 53.5% | 102.4% | ||
| Avg | 86.0% | 9.9% | 38.4% | ||
| Low | 41.4% | -22.3% | -23.7% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 0.95 | 0.70 | 1.81 |
| Avg | -0.67 | -0.47 | -0.31 |
| Low | -1.63 | -1.95 | -2.30 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 174.5% | - | - |
| 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.