Analyst Price Target is $17.05
▲ +47.62% Upside Potential
This price target is based on 11 analysts offering 12 month price targets for Riot Platforms in the last 3 months. The average price target is $17.05, with a high forecast of $23.00 and a low forecast of $11.00. The average price target represents a 47.62% upside from the last price of $11.55.
Current Consensus is
Buy
The current consensus among 11 contributing investment analysts is to buy stock in Riot Platforms. This rating has held steady since March 2024, when it changed from a Moderate Buy consensus rating.
Riot Platforms, Inc., together with its subsidiaries, operates as a bitcoin mining company in North America. The company operates through three segments: Bitcoin Mining, Data Center Hosting, and Engineering. It also provides co-location services for institutional-scale bitcoin mining companies; critical infrastructure and workforce for institutional-scale miners to deploy and operate their miners; operation of data centers; and maintenance/management of computing capacity. In addition, the company engages in the design and manufacturing of power distribution equipment and custom engineered electrical products; and electricity distribution product design, manufacture, and installation services primarily focused on large-scale commercial, and governmental customers, as well as a range of markets, including data center, power generation, utility, water, industrial, and alternative energy. The company was formerly known as Riot Blockchain, Inc. Riot Platforms, Inc. was incorporated in 1998 and is based in Castle Rock, Colorado.
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