Where Riot Platforms Stands With Analysts

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

The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.

In the assessment of 12-month price targets, analysts unveil insights for Riot Platforms, presenting an average target of $16.21, a high estimate of $23.00, and a low estimate of $11.00. This current average reflects an increase of 19.37% from the previous average price target of $13.58.

Analyzing Analyst Ratings: A Detailed Breakdown

The standing of Riot Platforms among financial experts becomes clear 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: 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.

Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Riot Platforms's market position. Stay informed and make data-driven decisions with the assistance of 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: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.

Revenue Growth: Riot Platforms displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 63.39%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.

Net Margin: Riot Platforms's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -182.06%, the company may face hurdles in effective cost management.

Return on Equity (ROE): Riot Platforms's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -5.79%, the company may encounter challenges in delivering satisfactory returns for shareholders.

Return on Assets (ROA): Riot Platforms's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -5.47%, the company may face hurdles in generating optimal returns from its assets.

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

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 publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

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