Streetbeat News

RIOT

Riot Blockchain, Inc.

https://www.riotblockchain.com

Industry

Software - Application

Riot Blockchain, Inc., together with its subsidiaries, focuses on bitcoin mining operations in North America. It operates through Bitcoin Mining, Data Center Hosting, and Electrical Products and Engineering segments. As of December 31, 2021, it operated approximately 30,907 miners. Riot Blockchain, Inc. was incorporated in 2000 and is headquartered in Castle Rock, Colorado.

Open

12.33

Mkt cap

4.3B

Volume

29M

High

12.84

P/E Ratio

85.40

52-wk high

18.75

Low

12.01

Div yield

N/A

52-wk low

6.36

Shares of crypto-related companies are trading lower in sympathy with Coinbase, potentially due to a drop in Bitcoin prices.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 7:52 pm

Top Wall Street analysts have updated their price targets for several companies, including Meta Platforms, Hub Group, Brinker International, Microsoft, XPO, The Hershey Company, Coinbase Global, Riot Platforms, Waste Management, and Alkami Technology. Notably, Mizuho raised Meta Platforms' price target, indicating a potential 33% rally.

Portfolio Pulse from Avi Kapoor

October 31, 2024 | 5:20 pm

In the past three months, 8 analysts have rated Riot Platforms (NASDAQ:RIOT), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target is $16.0, down 5.1% from the previous $16.86. Analysts have adjusted their ratings and price targets, reflecting changing market conditions and company performance. Riot Platforms, a Bitcoin mining company, faces challenges with revenue growth, net margin, ROE, and ROA, but maintains a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

October 31, 2024 | 5:03 pm

Compass Point analyst Chase White maintains a Buy rating on Riot Platforms (NASDAQ:RIOT) but lowers the price target from $18 to $13.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 2:21 pm

Macquarie analyst Paul Golding maintains an Outperform rating on Riot Platforms and raises the price target from $15 to $17.5.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 2:07 pm

Needham analyst John Todaro has reiterated a Buy rating on Riot Platforms (NASDAQ:RIOT) and maintained a price target of $11.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 1:45 pm

HC Wainwright & Co. analyst Mike Colonnese has reiterated a Buy rating for Riot Platforms (NASDAQ:RIOT) and maintained a price target of $17.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 10:59 am

Riot Platforms, Inc. (NASDAQ:RIOT) reported worse-than-expected Q3 results, with losses of 54 cents per share and revenue of $84.786 million, both missing analyst estimates. Despite a 65% revenue increase year-over-year, shares fell 6.01% after-hours.

Portfolio Pulse from Erica Kollmann

October 30, 2024 | 9:08 pm

Riot Platforms reported a Q3 2024 GAAP EPS of $(0.54), missing the $(0.15) estimate by 260%. Sales were $84.786M, missing the $95.352M estimate by 11.08%. Despite the miss, sales increased by 63.39% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:34 pm

MicroStrategy, Riot Platforms, and Coinbase are set to release their Q3 earnings. MicroStrategy shows strong bullish momentum with a high price target, Riot Platforms is poised for a potential turnaround, and Coinbase has solid fundamentals with room for growth.

Portfolio Pulse from Surbhi Jain

October 29, 2024 | 7:13 pm

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