Riot Blockchain, Inc. (RIOT)
NASDAQ: RIOT · IEX Real-Time Price · USD
10.96
+0.90 (8.95%)
At close: May 20, 2024, 4:00 PM
11.31
+0.35 (3.19%)
After-hours: May 20, 2024, 7:59 PM EDT
Riot Blockchain Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for Riot Blockchain stock have an average target of 17.29, with a low estimate of 15 and a high estimate of 22.5. The average target predicts an increase of 57.76% from the current stock price of 10.96.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for RIOT stock from 9 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
---|---|---|---|---|---|---|
Strong Buy | 6 | 6 | 5 | 5 | 4 | 4 |
Buy | 3 | 3 | 3 | 4 | 5 | 5 |
Hold | 2 | 2 | 2 | 1 | 0 | 0 |
Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 11 | 11 | 10 | 10 | 9 | 9 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
B. Riley Securities | B. Riley Securities | Strong Buy Maintains $16 → $15 | Strong Buy | Maintains | $16 → $15 | +36.86% | May 6, 2024 |
Needham | Needham | Strong Buy Maintains $17 → $15 | Strong Buy | Maintains | $17 → $15 | +36.86% | May 2, 2024 |
HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $20 → $17 | Strong Buy | Maintains | $20 → $17 | +55.11% | May 1, 2024 |
HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $20 | Strong Buy | Reiterates | $20 | +82.48% | Apr 22, 2024 |
Needham | Needham | Strong Buy Reiterates $17 | Strong Buy | Reiterates | $17 | +55.11% | Apr 22, 2024 |
Financial Forecast
Revenue This Year
492.52M
from 280.68M
Increased by 75.48%
Revenue Next Year
922.68M
from 492.52M
Increased by 87.34%
EPS This Year
-0.36
from -0.28
EPS Next Year
0.50
from -0.36
Revenue Forecast
Revenue | 2024 | 2025 | 2026 |
---|---|---|---|
High | 668.9M | 1.6B | 1.2B |
Avg | 492.5M | 922.7M | 908.8M |
Low | 322.9M | 393.8M | 636.0M |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2026 |
---|---|---|---|
High | 138.3% | 223.0% | 29.0% |
Avg | 75.5% | 87.3% | -1.5% |
Low | 15.0% | -20.1% | -31.1% |
EPS Forecast
EPS | 2024 | 2025 | 2026 |
---|---|---|---|
High | 1.07 | 2.55 | 0.75 |
Avg | -0.36 | 0.50 | 0.25 |
Low | -1.30 | -1.30 | -0.22 |
EPS Growth
EPS Growth | 2024 | 2025 | 2026 |
---|---|---|---|
High | - | - | 48.3% |
Avg | - | - | -50.3% |
Low | - | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.