Riot Blockchain, Inc. (RIOT)
NASDAQ: RIOT · IEX Real-Time Price · USD
11.93
-0.18 (-1.49%)
At close: Apr 26, 2024, 4:00 PM
11.87
-0.06 (-0.50%)
After-hours: Apr 26, 2024, 7:59 PM EDT
Riot Blockchain Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for Riot Blockchain stock have an average target of 17.96, with a low estimate of 15 and a high estimate of 22.5. The average target predicts an increase of 50.54% from the current stock price of 11.93.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for RIOT stock from 9 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 6 | 6 | 5 | 5 | 4 |
| Buy | 3 | 3 | 3 | 3 | 4 | 5 |
| Hold | 1 | 2 | 2 | 2 | 1 | 0 |
| Sell | 1 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 11 | 11 | 11 | 10 | 10 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $20 | Strong Buy | Reiterates | $20 | +67.64% | Apr 22, 2024 |
| Needham | Needham | Strong Buy Reiterates $17 | Strong Buy | Reiterates | $17 | +42.50% | Apr 22, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $15 → $16 | Buy | Maintains | $15 → $16 | +29.92% | Apr 10, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $17 → $16 | Strong Buy | Maintains | $17 → $16 | +34.12% | Apr 5, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Reiterates $20 | Buy | Reiterates | $20 | +67.64% | Apr 1, 2024 |
Financial Forecast
Revenue This Year
492.52M
from 280.68M
Increased by 75.48%
Revenue Next Year
922.68M
from 492.52M
Increased by 87.34%
EPS This Year
-0.36
from -0.28
EPS Next Year
0.50
from -0.36
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 668.9M | 1.6B | 1.2B |
| Avg | 492.5M | 922.7M | 908.8M |
| Low | 322.9M | 393.8M | 636.0M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 138.3% | 223.0% | 29.0% |
| Avg | 75.5% | 87.3% | -1.5% |
| Low | 15.0% | -20.1% | -31.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.07 | 2.55 | 0.75 |
| Avg | -0.36 | 0.50 | 0.25 |
| Low | -1.30 | -1.30 | -0.22 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | 48.3% |
| Avg | - | - | -50.3% |
| 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.