Expert Outlook: Riot Platforms Through The Eyes Of 6 Analysts
Portfolio Pulse from Benzinga Insights
Analyst ratings for Riot Platforms (NASDAQ:RIOT) show varied perspectives, with recent actions including both upgrades and downgrades. The average 12-month price target is $19.58, reflecting a 3.98% increase from the previous target. Riot Platforms, a Bitcoin mining company, shows a positive revenue trend but faces challenges in profitability and returns. Its market capitalization is above industry averages, yet its net margin, ROE, and ROA lag behind, indicating potential financial performance issues.
February 13, 2024 | 12:00 pm
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NEUTRAL IMPACT
Riot Platforms receives mixed analyst ratings, with a new average 12-month price target of $19.58. The company's financials show positive revenue growth but below-average profitability and returns.
The mixed analyst ratings and the slight increase in the price target suggest a neutral short-term impact on RIOT's stock price. The positive revenue trend could support investor optimism, but the challenges in profitability and returns, as highlighted by the analysts, may temper any significant positive momentum. The detailed analysis of financials and analyst actions provides a balanced view, leading to a neutral score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100