Riot Blockchain (RIOT) Stock Forecast, Price Target & Predictions


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RIOT Stock Forecast


Riot Blockchain stock forecast is as follows: an average price target of $16.14 (represents a 127.32% upside from RIOT’s last price of $7.10) and a rating consensus of 'Buy', based on 8 wall street analysts offering a 1-year stock forecast.

RIOT Price Target


The average price target for Riot Blockchain (RIOT) is $16.14 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $23.00 to $9.00. This represents a potential 127.32% upside from RIOT's last price of $7.10.

RIOT Analyst Ratings


Buy

According to 8 Wall Street analysts, Riot Blockchain's rating consensus is 'Buy'. The analyst rating breakdown for RIOT stock is 0 'Strong Buy' (0.00%), 7 'Buy' (87.50%), 1 'Hold' (12.50%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Riot Blockchain Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jun 10, 2024Brett KnoblauchCantor Fitzgerald$23.00$9.89132.44%223.94%
May 29, 2024Gautam ChhuganiBernstein$22.00$10.34112.77%209.86%
May 28, 2024Lucas PipesB.Riley Financial$15.00$10.3345.21%111.27%
May 02, 2024Michael ColonneseH.C. Wainwright$17.00$9.8273.12%139.44%
Apr 05, 2024Lucas PipesB.Riley Financial$16.00$10.1957.02%125.35%
Mar 21, 2024Upgrades RiotCross Research$15.00$11.9825.21%111.27%
Feb 21, 2023John TodaroNeedham$9.00$6.3242.52%26.76%
Feb 07, 2023-Roth Capital$12.00$6.3987.65%69.01%
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The latest Riot Blockchain stock forecast, released on Jun 10, 2024 by Brett Knoblauch from Cantor Fitzgerald, set a price target of $23.00, which represents a 132.44% increase from the stock price at the time of the forecast ($9.89), and a 223.94% increase from RIOT last price ($7.10).

Riot Blockchain Price Target by Period


1M3M12M
# Anlaysts--6
Avg Price Target--$18.00
Last Closing Price$7.10$7.10$7.10
Upside/Downside-100.00%-100.00%153.52%

In the current month, the average price target of Riot Blockchain stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Riot Blockchain's last price of $7.10. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Aug 23, 2024NeedhamBuyBuyHold
Jul 24, 2024H.C. WainwrightUnderperformUnderperformHold
Jul 24, 2024NeedhamBuyBuyHold
Jun 25, 2024NeedhamBuyBuyHold
May 31, 2024B. RileyBuyBuyHold
May 29, 2024NeedhamBuyBuyHold
May 29, 2024J.P. MorganUnderperformUnderperformHold
May 29, 2024H.C. WainwrightBuyBuyHold
May 29, 2024BernsteinOutperformOutperformHold
May 02, 2024H.C. WainwrightBuyBuyHold
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Riot Blockchain's last stock rating was published by Needham on Aug 23, 2024. The company gave RIOT a "Buy" rating, the same as its previous rate.

Riot Blockchain Financial Forecast


Riot Blockchain Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue-------------$51.89M$76.74M$73.24M$60.15M$46.29M-$79.79M$90.89M$64.81M$34.35M$23.20M$5.29M$2.46M$1.94M$2.39M$1.20M$1.74M
Avg Forecast$225.65M$182.81M$196.38M$166.12M$181.28M$158.28M$144.59M$143.49M$141.49M$97.10M$71.60M$96.14M$84.33M$67.95M$84.64M$76.80M$55.50M$56.27M$75.53M$83.75M$89.39M$64.90M$32.58M$24.30M$3.60M$2.50M$1.90M$1.20M$2.70M$2.80M
High Forecast$257.95M$208.98M$224.49M$189.90M$207.23M$180.94M$165.28M$164.03M$161.74M$103.67M$81.85M$109.90M$94.42M$77.68M$96.75M$87.79M$63.45M$64.32M$75.53M$118.05M$126.01M$91.48M$45.92M$34.25M$5.07M$3.52M$2.68M$1.69M$3.81M$3.95M
Low Forecast$198.69M$160.97M$172.92M$146.27M$159.62M$139.37M$127.31M$126.35M$124.59M$88.02M$63.05M$84.66M$75.17M$59.83M$74.52M$67.62M$48.87M$49.55M$75.53M$62.67M$66.90M$48.56M$24.38M$18.18M$2.69M$1.87M$1.42M$898.02K$2.02M$2.10M
# Analysts6446437449747563222345677871096
Surprise %-------------0.76%0.91%0.95%1.08%0.82%-0.95%1.02%1.00%1.05%0.95%1.47%0.98%1.02%1.99%0.44%0.62%

Riot Blockchain's average Quarter revenue forecast for Dec 23 based on 7 analysts is $84.33M, with a low forecast of $75.17M, and a high forecast of $94.42M. RIOT's average Quarter revenue forecast represents a 62.51% increase compared to the company's last Quarter revenue of $51.89M (Sep 23).

Riot Blockchain EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts6446437449747563222345677871096
EBITDA-------------$556.00K$43.21M$-3.97M$74.30M$3.68M-$-3.69M$-17.68M$-3.17M$28.94M$10.55M$5.70M$-718.00K$-9.74M$-2.97M$-5.22M$-1.23M
Avg Forecast$-36.37M$-29.46M$-31.65M$-26.77M$-29.22M$-25.51M$-23.30M$-23.13M$-22.80M$-15.65M$-11.54M$-15.50M$-13.59M$-10.95M$-13.64M$-12.38M$-8.95M$-7.30M$-12.17M$-13.50M$-14.41M$-7.81M$19.05M$14.47M$-580.23K$-985.50K$-9.58M$-3.59M$-435.17K$-1.61M
High Forecast$-32.02M$-25.94M$-27.87M$-23.58M$-25.73M$-22.46M$-20.52M$-20.36M$-20.08M$-14.19M$-10.16M$-13.64M$-12.11M$-9.64M$-12.01M$-10.90M$-7.88M$-5.84M$-12.17M$-10.10M$-10.78M$-6.25M$22.86M$17.37M$-434.21K$-788.40K$-7.67M$-2.88M$-325.66K$-1.29M
Low Forecast$-41.57M$-33.68M$-36.18M$-30.61M$-33.40M$-29.16M$-26.64M$-26.44M$-26.07M$-16.71M$-13.19M$-17.71M$-15.22M$-12.52M$-15.59M$-14.15M$-10.23M$-8.77M$-12.17M$-19.03M$-20.31M$-9.37M$15.24M$11.58M$-817.89K$-1.18M$-11.50M$-4.31M$-613.41K$-1.93M
Surprise %--------------0.05%-3.17%0.32%-8.31%-0.50%-0.27%1.23%0.41%1.52%0.73%-9.83%0.73%1.02%0.83%11.99%0.76%

7 analysts predict RIOT's average Quarter EBITDA for Dec 23 to be $-13.59M, with a high of $-12.11M and a low of $-15.22M. This is -2544.56% lower than Riot Blockchain's previous annual EBITDA (Sep 23) of $556.00K.

Riot Blockchain Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts6446437449747563222345677871096
Net Income-------------$-45.33M$-27.69M$-55.69M$-155.78M$-36.57M-$35.63M$-19.45M$-15.34M$19.34M$7.53M$3.91M$-1.72M$-10.59M$-4.28M$-3.40M$-1.83M
Avg Forecast$-40.94M$-13.47M$-40.57M$-38.95M$-28.51M$-24.66M$-22.63M$-23.35M$-10.15M$-25.16M$-27.39M$-52.38M$-74.12M$-71.17M$-56.06M$-38.10M$-32.23M$-34.09M$14.50M$897.85M$90.58M$-36.45M$12.76M$10.50M$-16.16M$-2.32M$-10.40M$-5.18M$-25.39M$-2.40M
High Forecast$-34.58M$-11.38M$-34.27M$-32.90M$-24.09M$-20.83M$-19.11M$-19.73M$-8.57M$-13.98M$-23.13M$-44.24M$-53.67M$-60.11M$-47.35M$-32.18M$-27.23M$-27.27M$14.50M$1.08B$138.80M$-29.16M$15.31M$12.61M$-10.87M$-1.85M$-8.32M$-4.14M$-17.09M$-1.92M
Low Forecast$-48.56M$-15.98M$-48.12M$-46.20M$-33.82M$-29.24M$-26.84M$-27.70M$-12.04M$-40.54M$-32.48M$-62.12M$-99.67M$-84.41M$-66.49M$-45.19M$-38.23M$-40.90M$14.50M$718.28M$60.95M$-43.75M$10.21M$8.40M$-24.76M$-2.78M$-12.48M$-6.21M$-38.91M$-2.88M
Surprise %-------------0.64%0.49%1.46%4.83%1.07%-0.04%-0.21%0.42%1.52%0.72%-0.24%0.74%1.02%0.83%0.13%0.76%

Riot Blockchain's average Quarter net income forecast for Jul 22 is $14.50M, with a range of $14.50M to $14.50M. RIOT's average Quarter net income forecast represents a -59.31% decrease compared to the company's last Quarter net income of $35.63M (Mar 22).

Riot Blockchain SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts6446437449747563222345677871096
SG&A-------------$29.07M$19.84M$12.68M$29.90M$16.00M-$10.91M$39.46M$40.31M$3.51M$5.46M$2.29M$2.00M$2.23M$3.73M$2.02M$1.76M
Avg Forecast$145.13M$117.58M$126.31M$106.84M$116.60M$101.80M$93.00M$92.29M$91.00M$62.45M$46.05M$61.84M$54.24M$43.71M$54.44M$49.39M$35.70M$36.19M$48.58M$53.87M$57.50M$41.74M$2.32M$7.62M$2.32M$1.61M$1.22M$771.82K$1.74M$2.34M
High Forecast$165.91M$134.41M$144.39M$122.14M$133.29M$116.38M$106.31M$105.50M$104.03M$66.68M$52.65M$70.69M$60.73M$49.96M$62.23M$56.47M$40.81M$41.37M$48.58M$75.93M$81.05M$58.84M$2.78M$9.14M$3.26M$2.27M$1.72M$1.09M$2.45M$2.80M
Low Forecast$127.79M$103.53M$111.22M$94.08M$102.67M$89.64M$81.89M$81.26M$80.13M$56.61M$40.55M$54.45M$48.35M$38.48M$47.93M$43.49M$31.43M$31.87M$48.58M$40.31M$43.03M$31.24M$1.85M$6.10M$1.73M$1.20M$914.52K$577.59K$1.30M$1.87M
Surprise %-------------0.67%0.36%0.26%0.84%0.44%-0.20%0.69%0.97%1.52%0.72%0.99%1.24%1.82%4.84%1.16%0.75%

Riot Blockchain's average Quarter SG&A projection for Dec 23 is $54.24M, based on 7 Wall Street analysts, with a range of $48.35M to $60.73M. The forecast indicates a 86.60% rise compared to RIOT last annual SG&A of $29.07M (Sep 23).

Riot Blockchain EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts6446437449747563222345677871096
EPS-------------$-0.25$-0.00$-0.33$-1.12$-0.24-$0.30$-0.20$-0.16$0.22$0.09$0.09$-0.04$-0.31$-0.15$-0.12$-0.08
Avg Forecast$-0.15$-0.05$-0.15$-0.15$-0.11$-0.09$-0.09$-0.09$-0.04$-0.10$-0.10$-0.20$-0.28$-0.27$-0.21$-0.14$-0.12$0.01$0.06$0.15$0.39$0.28$0.01$0.20$-0.07$-0.08$-0.17$-0.19$-0.11$-0.11
High Forecast$-0.13$-0.04$-0.13$-0.12$-0.09$-0.08$-0.07$-0.07$-0.03$-0.05$-0.09$-0.17$-0.20$-0.23$-0.18$-0.12$-0.10$0.02$0.06$0.23$0.60$0.42$0.01$0.31$-0.05$-0.05$-0.11$-0.13$-0.07$-0.07
Low Forecast$-0.18$-0.06$-0.18$-0.17$-0.13$-0.11$-0.10$-0.10$-0.05$-0.15$-0.12$-0.23$-0.38$-0.32$-0.25$-0.17$-0.14$0.01$0.06$0.10$0.26$0.19$0.01$0.13$-0.11$-0.12$-0.26$-0.29$-0.17$-0.17
Surprise %-------------0.93%0.00%2.29%9.19%-17.14%-1.98%-0.51%-0.58%24.77%0.45%-1.25%0.50%1.82%0.79%1.08%0.73%

According to 2 Wall Street analysts, Riot Blockchain's projected average Quarter EPS for Jul 22 is $0.06, with a low estimate of $0.06 and a high estimate of $0.06. This represents a -81.58% decrease compared to RIOT previous annual EPS of $0.30 (Mar 22).

Riot Blockchain Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
CLSKCleanSpark$9.15$25.33176.83%Buy
RIOTRiot Blockchain$7.10$16.14127.32%Buy
BITFBitfarms$2.04$4.26108.82%Buy
BTBTBit Digital$2.93$6.00104.78%Buy
MARAMarathon Digital$15.87$31.2096.60%Buy
HIVEHIVE Blockchain$3.05$5.0063.93%Buy
WULFTeraWulf$4.07$6.0849.39%Buy
HUTHut 8 Mining$11.42$15.7037.48%Buy

RIOT Forecast FAQ


Yes, according to 8 Wall Street analysts, Riot Blockchain (RIOT) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 7 'Buy' recommendations, accounting for 87.50% of RIOT's total ratings.

Riot Blockchain (RIOT) average price target is $16.14 with a range of $9 to $23, implying a 127.32% from its last price of $7.1. The data is based on 8 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for RIOT stock, the company can go up by 127.32% (from the last price of $7.1 to the average price target of $16.14), up by 223.94% based on the highest stock price target, and up by 26.76% based on the lowest stock price target.

RIOT's average twelve months analyst stock price target of $16.14 supports the claim that Riot Blockchain can reach $11 in the near future.

Riot Blockchain's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $627.63M (high $717.48M, low $552.65M), average EBITDA is $-101M (high $-89.074M, low $-116M), average net income is $-99.148M (high $-83.75M, low $-118M), average SG&A $403.68M (high $461.47M, low $355.46M), and average EPS is $-0.375 (high $-0.316, low $-0.444). RIOT's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $770.95M (high $881.31M, low $678.85M), average EBITDA is $-124M (high $-109M, low $-142M), average net income is $-134M (high $-113M, low $-159M), average SG&A $495.86M (high $566.84M, low $436.62M), and average EPS is $-0.506 (high $-0.427, low $-0.6).

Based on Riot Blockchain's last annual report (Dec 2022), the company's revenue was $259.17M, which missed the average analysts forecast of $271.05M by -4.38%. Apple's EBITDA was $449.32M, missing the average prediction of $-41.922M by -1171.80%. The company's net income was $-510M, missing the average estimation of $846.03M by -160.23%. Apple's SG&A was $67.45M, missing the average forecast of $174.33M by -61.31%. Lastly, the company's EPS was $-3.65, missing the average prediction of $0.0991 by -3781.40%. In terms of the last quarterly report (Sep 2023), Riot Blockchain's revenue was $51.89M, missing the average analysts' forecast of $67.95M by -23.64%. The company's EBITDA was $556K, missing the average prediction of $-10.952M by -105.08%. Riot Blockchain's net income was $-45.325M, missing the average estimation of $-71.166M by -36.31%. The company's SG&A was $29.07M, missing the average forecast of $43.71M by -33.49%. Lastly, the company's EPS was $-0.25, missing the average prediction of $-0.269 by -7.04%