- Riot Platforms (RIOT, Financial) shares up 1.1% amid Bitcoin's surge to $88.2K.
- Analysts project a 154.24% upside potential for RIOT stock.
- Consensus recommendation rates Riot Platforms as "Outperform".
Riot Platforms (RIOT) witnessed a notable 1.1% increase, mirroring Bitcoin's (BTC-USD) impressive 3.6% climb to $88.2K. This rise occurred even as broader markets faced declines. Crypto-related stocks demonstrated resilience, driven by Bitcoin's price hike amidst ongoing economic uncertainties. Riot Platforms continues to be heavily influenced by Bitcoin's market dynamics.
Wall Street Analysts Forecast
According to the consensus from 13 analysts, Riot Platforms Inc (RIOT, Financial) is eyeing an average one-year price target of $16.50. The projections include a high estimate of $23.00 and a low of $9.00. This average target indicates a potential upside of 154.24% from the current stock price of $6.49. Investors can access more detailed estimates on the Riot Platforms Inc (RIOT) Forecast page.
The consensus recommendation among 16 brokerage firms places Riot Platforms Inc (RIOT, Financial) at an average brokerage recommendation of 1.9, which reflects an "Outperform" status. This rating uses a scale where 1 represents a Strong Buy, and 5 signifies a Sell.
GuruFocus estimates point to a GF Value of $13.49 for Riot Platforms Inc (RIOT, Financial) in the next year, suggesting a potential upside of 107.86% from the current price of $6.49. The GF Value is GuruFocus' fair value estimation of the stock, calculated based on historical trading multiples, previous business growth, and anticipated future performance. For more in-depth data, visit the Riot Platforms Inc (RIOT) Summary page.
