Beyond The Numbers: 6 Analysts Discuss Riot Platforms Stock

6 analysts have expressed a variety of opinions on Riot Platforms RIOT over the past quarter, offering a diverse set of opinions from bullish to bearish.

The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.

Insights from analysts' 12-month price targets are revealed, presenting an average target of $19.18, a high estimate of $22.50, and a low estimate of $15.60. This current average reflects an increase of 2.29% from the previous average price target of $18.75.

Breaking Down Analyst Ratings: A Detailed Examination

A comprehensive examination of how financial experts perceive Riot Platforms is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Riot Platforms. This insight gives a snapshot of analysts' perspectives on the current state of the company.
• Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Riot Platforms compared to the broader market.
• Price Targets: Understanding forecasts, analysts offer estimates for Riot Platforms's future value. Examining the current and prior targets provides insight into analysts' changing expectations.

Capture valuable insights into Riot Platforms's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.

Stay up to date on Riot Platforms analyst ratings.

Get to Know Riot Platforms Better

Riot Platforms Inc is a vertically integrated Bitcoin mining company focused on building, supporting, and operating blockchain technologies. Distributed blockchain technology is a decentralized and encrypted ledger that is designed to offer a secure, efficient, verifiable, and permanent way of storing records and other information without the need for intermediaries. It serves as a medium of exchange, store of value, or unit of account. The company's segments include Bitcoin Mining; Data Center Hosting and Engineering. It generates maximum revenue from the Bitcoin Mining segment.

Unraveling the Financial Story of Riot Platforms

Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.

Revenue Growth: Riot Platforms's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2023, the company achieved a revenue growth rate of approximately 12.1%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.

Net Margin: Riot Platforms's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -87.35%, the company may encounter challenges in effective cost control.

Return on Equity (ROE): Riot Platforms's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of -3.51%, the company showcases efficient use of equity capital and strong financial health.

Return on Assets (ROA): Riot Platforms's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -3.22%, the company may face hurdles in achieving optimal financial performance.

Debt Management: With a below-average debt-to-equity ratio of 0.02, Riot Platforms adopts a prudent financial strategy, indicating a balanced approach to debt management.

The Core of Analyst Ratings: What Every Investor Should Know

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.

This article was generated by Benzinga's automated content engine and reviewed by an editor.