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Riot Platforms Inc has a consensus price target of $19.29 based on the ratings of 20 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 Piper Sandler, JP Morgan, and Compass Point on December 17, 2024, December 10, 2024, and October 31, 2024, respectively. With an average price target of $17.33 between Piper Sandler, JP Morgan, and Compass Point, there's an implied 48.53% 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 Piper Sandler on December 17, 2024. The analyst firm set a price target for $23.00 expecting RIOT to rise to within 12 months (a possible 97.08% upside). 42 analyst firms have reported ratings in the last year.
The latest analyst rating for Riot Platforms (NASDAQ:RIOT) was provided by Piper Sandler, and Riot Platforms initiated 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 December 17, 2024 so you should expect the next rating to be made available sometime around December 17, 2025.
While ratings are subjective and will change, the latest Riot Platforms (RIOT) rating was a initiated with a price target of $0.00 to $23.00. The current price Riot Platforms (RIOT) is trading at is $11.67, which is within the analyst’s predicted range.
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