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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 Cantor Fitzgerald, JP Morgan, and Needham on September 3, 2024, August 23, 2024, and August 1, 2024, respectively. With an average price target of $15.5 between Cantor Fitzgerald, JP Morgan, and Needham, there's an implied 115.58% 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 Cantor Fitzgerald on September 3, 2024. The analyst firm set a price target for $23.00 expecting RIOT to rise to within 12 months (a possible 219.89% upside). 43 analyst firms have reported ratings in the last year.
The latest analyst rating for Riot Platforms (NASDAQ:RIOT) was provided by Cantor Fitzgerald, and Riot Platforms reiterated 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 September 3, 2024 so you should expect the next rating to be made available sometime around September 3, 2025.
While ratings are subjective and will change, the latest Riot Platforms (RIOT) rating was a reiterated with a price target of $23.00 to $23.00. The current price Riot Platforms (RIOT) is trading at is $7.19, which is out of the analyst’s predicted range.
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