Deep Dive Into Riot Platforms Stock: Analyst Perspectives (7 Ratings)

Ratings for Riot Platforms RIOT were provided by 7 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.

The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over 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 $19.79, a high estimate of $22.50, and a low estimate of $18.00. Observing a 3.5% increase, the current average has risen from the previous average price target of $19.12.

Investigating Analyst Ratings: An Elaborate Study

The analysis of recent analyst actions sheds light on the perception of Riot Platforms by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Riot Platforms. This information provides a snapshot of how analysts perceive the current state of the company.
• Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Riot Platforms compared to the broader market.
• Price Targets: Analysts predict movements in price targets, offering estimates for Riot Platforms's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.

Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Riot Platforms's market position. Stay informed and make well-informed 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. The company's segments include Bitcoin Mining; Data Center Hosting and Engineering. It generates maximum revenue from the Bitcoin Mining segment which generates revenue from the Bitcoin the company earns through its mining activities.

Riot Platforms's Economic Impact: An Analysis

Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.

Revenue Growth: Over the 3 months period, Riot Platforms showcased positive performance, achieving a revenue growth rate of 31.03% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.

Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 100.53%, the company showcases strong profitability and effective cost control.

Return on Equity (ROE): Riot Platforms's ROE excels beyond industry benchmarks, reaching 4.91%. This signifies robust financial management and efficient use of shareholder equity capital.

Return on Assets (ROA): Riot Platforms's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.52% ROA, the company effectively utilizes its assets for optimal returns.

Debt Management: Riot Platforms's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.01.

Analyst Ratings: What Are They?

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.

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