Deep Dive Into Riot Platforms Stock: Analyst Perspectives (7 Ratings)
Portfolio Pulse from Benzinga Insights
Riot Platforms (NASDAQ:RIOT), a vertically integrated Bitcoin mining company, has received mixed analyst ratings over the past three months, with 7 analysts offering perspectives ranging from bullish to somewhat bullish, and none bearish. The average 12-month price target for RIOT is $19.79, with a high of $22.50 and a low of $18.00, marking a 3.5% increase from the previous average of $19.12. The company has shown positive performance with a 31.03% revenue growth rate as of December 31, 2023, a net margin of 100.53%, and an ROE of 4.91%, outperforming industry averages.
March 04, 2024 | 4:01 pm
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Riot Platforms has received mixed analyst ratings but shows strong financial performance with significant revenue growth, high net margin, and above-average ROE. The average 12-month price target has increased to $19.79.
The mixed analyst ratings combined with Riot Platforms' strong financial performance and positive revenue growth suggest a positive short-term impact on the stock. The increase in the average 12-month price target reflects growing confidence in the company's prospects, likely contributing to a bullish outlook for RIOT's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100