The Latest Analyst Ratings For Riot Platforms
Portfolio Pulse from Benzinga Insights
In the last three months, 11 analysts have rated Riot Platforms (NASDAQ:RIOT), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target is $17.68, down 3.55% from the previous $18.33. Riot Platforms, a Bitcoin mining company, faces challenges with declining revenue growth and negative net margins, but maintains a strong return on equity and prudent debt management.
October 03, 2024 | 6:01 pm
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Riot Platforms has received mixed analyst ratings, with a current average price target of $17.68, a decrease from $18.33. The company faces revenue challenges but shows strong ROE and prudent debt management.
The mixed analyst ratings and slight decrease in the average price target suggest a neutral short-term impact on Riot Platforms' stock price. The company's financial challenges, such as declining revenue and negative net margins, are offset by strong ROE and prudent debt management, leading to a balanced outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100