9 analysts have shared their evaluations of Riot Platforms (NASDAQ:RIOT) during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
---|---|---|---|---|---|
Total Ratings | 3 | 6 | 0 | 0 | 0 |
Last 30D | 0 | 1 | 0 | 0 | 0 |
1M Ago | 2 | 4 | 0 | 0 | 0 |
2M Ago | 1 | 1 | 0 | 0 | 0 |
3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $18.78, with a high estimate of $20.00 and a low estimate of $15.00. A decline of 1.16% from the prior average price target is evident in the current average.
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.
Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
---|---|---|---|---|---|
Reginald Smith | JP Morgan | Announces | Overweight | $15.00 | - |
John Todaro | Needham | Maintains | Buy | $18.00 | - |
Josh Siegler | Cantor Fitzgerald | Maintains | Overweight | $20.00 | - |
Josh Siegler | Cantor Fitzgerald | Maintains | Overweight | $20.00 | - |
Mike Colonnese | HC Wainwright & Co. | Raises | Buy | $20.00 | $19.00 |
Josh Siegler | Cantor Fitzgerald | Raises | Overweight | $20.00 | $19.00 |
Josh Siegler | Cantor Fitzgerald | Maintains | Overweight | $19.00 | - |
John Todaro | Needham | Lowers | Buy | $18.00 | $19.00 |
Josh Siegler | Cantor Fitzgerald | Maintains | Overweight | $19.00 | - |
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Riot Platforms's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Riot Platforms analyst ratings.
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.
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Over the 3 months period, Riot Platforms showcased positive performance, achieving a revenue growth rate of 31.03% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: Riot Platforms's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 100.53% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Riot Platforms's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.91% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Riot Platforms's ROA excels beyond industry benchmarks, reaching 4.52%. This signifies efficient management of assets and strong financial health.
Debt Management: Riot Platforms's debt-to-equity ratio is below the industry average at 0.01, reflecting a lower dependency on debt financing and a more conservative financial approach.
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.