Expert Outlook: Riot Platforms Through The Eyes Of 6 Analysts

Analysts' ratings for Riot Platforms RIOT over the last quarter vary from bullish to bearish, as provided by 6 analysts.

The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.

The 12-month price targets, analyzed by analysts, offer insights with an average target of $19.58, a high estimate of $22.50, and a low estimate of $18.00. This current average reflects an increase of 3.98% from the previous average price target of $18.83.

Analyzing Analyst Ratings: A Detailed Breakdown

A clear picture of Riot Platforms's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Riot Platforms. This information provides a snapshot of how analysts perceive the current state of the company.
• Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Riot Platforms compared to the broader market.
• Price Targets: Delving into movements, analysts provide estimates for the future value of Riot Platforms's stock. This analysis reveals shifts in analysts' expectations over time.

Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Riot Platforms's market standing. Stay informed and make well-considered decisions with our Ratings Table.

Stay up to date on Riot Platforms analyst ratings.

Discovering Riot Platforms: A Closer Look

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.

A Deep Dive into Riot Platforms's Financials

Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.

Positive Revenue Trend: Examining Riot Platforms's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 12.1% as of 30 September, 2023, showcasing a substantial increase in 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 averages, indicating potential challenges in maintaining strong profitability. With a net margin of -87.35%, the company may face hurdles in effective cost management.

Return on Equity (ROE): Riot Platforms's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -3.51%, the company may face hurdles in achieving optimal financial performance.

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: Riot Platforms's debt-to-equity ratio is below the industry average at 0.02, reflecting a lower dependency on debt financing and a more conservative financial approach.

The Significance of Analyst Ratings Explained

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.

In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.

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