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Riot Platforms Inc has a consensus price target of $20.53 based on the ratings of 18 analysts. The high is $46 issued by Roth Capital on December 28, 2021. The low is $6 issued by Wells Fargo on April 12, 2023. The 3 most-recent analyst ratings were released by JP Morgan, Needham, and Cantor Fitzgerald on August 23, 2024, August 1, 2024, and August 1, 2024, respectively. With an average price target of $15.5 between JP Morgan, Needham, and Cantor Fitzgerald, there's an implied 80.86% upside for Riot Platforms Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Riot Platforms (NASDAQ:RIOT) was reported by JP Morgan on August 23, 2024. The analyst firm set a price target for $9.50 expecting RIOT to rise to within 12 months (a possible 10.85% upside). 45 analyst firms have reported ratings in the last year.
The latest analyst rating for Riot Platforms (NASDAQ:RIOT) was provided by JP Morgan, and Riot Platforms maintained their overweight rating.
The last upgrade for Riot Platforms Inc happened on March 20, 2024 when JP Morgan raised their price target to $15. JP Morgan previously had a neutral for Riot Platforms Inc.
The last downgrade for Riot Platforms Inc happened on March 8, 2022 when Compass Point changed their price target from $45 to $39 for Riot Platforms Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Riot Platforms, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Riot Platforms was filed on August 23, 2024 so you should expect the next rating to be made available sometime around August 23, 2025.
While ratings are subjective and will change, the latest Riot Platforms (RIOT) rating was a maintained with a price target of $12.00 to $9.50. The current price Riot Platforms (RIOT) is trading at is $8.57, which is out of the analyst’s predicted range.
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