Riot Platforms Stock: A Deep Dive Into Analyst Perspectives (4 Ratings)

Riot Platforms RIOT has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.

The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.

Analysts have set 12-month price targets for Riot Platforms, revealing an average target of $18.0, a high estimate of $23.00, and a low estimate of $16.00. Surpassing the previous average price target of $12.50, the current average has increased by 44.0%.

Decoding Analyst Ratings: A Detailed Look

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: Gaining insights, analysts provide 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: Analysts navigate through adjustments in price targets, providing estimates for Riot Platforms's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.

Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Riot Platforms's market standing. Stay informed and make data-driven decisions with our Ratings Table.

Stay up to date on Riot Platforms analyst ratings.

Unveiling the Story Behind Riot Platforms

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 Financial Performance

Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.

Revenue Growth: Riot Platforms's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 63.39%. This indicates a substantial 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 falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -5.79%, the company may face hurdles in generating optimal returns for shareholders.

Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -5.47%, the company may need to address challenges in generating satisfactory 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.

Understanding the Relevance of Analyst Ratings

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.

Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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