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 $16.56 (represents a 34.96% upside from RIOT’s last price of $12.27) and a rating consensus of 'Buy', based on 9 wall street analysts offering a 1-year stock forecast.

RIOT Price Target

The average price target for Riot Blockchain (RIOT) is $16.56 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $23.00 to $9.00. This represents a potential 34.96% upside from RIOT's last price of $12.27.

RIOT Analyst Ratings

Buy

According to 9 Wall Street analysts, Riot Blockchain's rating consensus is 'Buy'. The analyst rating breakdown for RIOT stock is 0 'Strong Buy' (0.00%), 8 'Buy' (88.89%), 1 'Hold' (11.11%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Riot Blockchain Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Oct 04, 2024	Martin Toner	Loop Capital Markets	$21.00	$7.85	167.52%	71.15%
Sep 24, 2024	Paul Golding	Macquarie	$15.00	$7.53	99.20%	22.25%
Jun 10, 2024	Brett Knoblauch	Cantor Fitzgerald	$23.00	$9.89	132.44%	87.45%
May 29, 2024	Gautam Chhugani	Bernstein	$22.00	$10.34	112.77%	79.30%
May 28, 2024	Lucas Pipes	B.Riley Financial	$15.00	$10.33	45.21%	22.25%
May 02, 2024	Michael Colonnese	H.C. Wainwright	$17.00	$9.82	73.12%	38.55%
Apr 05, 2024	Lucas Pipes	B.Riley Financial	$16.00	$10.19	57.02%	30.40%
Mar 21, 2024	Upgrades Riot	Cross Research	$15.00	$11.98	25.21%	22.25%
Feb 21, 2023	John Todaro	Needham	$9.00	$6.32	42.52%	-26.65%
Feb 07, 2023	-	Roth Capital	$12.00	$6.39	87.65%	-2.20%

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The latest Riot Blockchain stock forecast, released on Oct 04, 2024 by Martin Toner from Loop Capital Markets, set a price target of $21.00, which represents a 167.52% increase from the stock price at the time of the forecast ($7.85), and a 71.15% increase from RIOT last price ($12.27).

Riot Blockchain Price Target by Period

	1M	3M	12M
# Anlaysts	-	2	8
Avg Price Target	-	$18.00	$18.00
Last Closing Price	$12.27	$12.27	$12.27
Upside/Downside	-100.00%	46.70%	46.70%

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 $12.27. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 31, 2024	H.C. Wainwright	Buy	Buy	Hold
Oct 31, 2024	Compass Point	Buy	Buy	Hold
Oct 04, 2024	ATB Capital	Outperform	Outperform	Hold
Oct 03, 2024	Needham	Buy	Buy	Hold
Oct 03, 2024	Macquarie	Underperform	Underperform	Hold
Sep 24, 2024	Macquarie	-	Outperform	Initialise
Aug 23, 2024	Needham	Buy	Buy	Hold
Jul 24, 2024	Needham	Buy	Buy	Hold
Jul 24, 2024	H.C. Wainwright	Underperform	Underperform	Hold
Jun 25, 2024	Needham	Buy	Buy	Hold

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Riot Blockchain's last stock rating was published by H.C. Wainwright on Oct 31, 2024. The company gave RIOT a "Buy" rating, the same as its previous rate.

Riot Blockchain Financial Forecast

Riot Blockchain Revenue Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	$51.89M	$76.74M	$73.24M	$60.15M	$46.29M	$72.95M	$79.79M	$90.89M	$64.81M	$34.35M	$23.20M	$5.29M	$2.46M	$1.94M	$2.39M	$1.20M	$1.74M
Avg Forecast	$207.17M	$181.36M	$179.88M	$160.73M	$164.80M	$142.56M	$149.29M	$129.75M	$124.81M	$89.72M	$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	$257.32M	$225.27M	$223.44M	$199.64M	$204.70M	$177.08M	$185.43M	$164.29M	$152.81M	$93.01M	$71.60M	$96.14M	$94.42M	$67.95M	$105.13M	$95.39M	$68.94M	$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
Low Forecast	$157.43M	$137.82M	$136.70M	$122.14M	$125.23M	$108.34M	$113.45M	$101.65M	$86.13M	$86.43M	$71.60M	$96.14M	$75.17M	$67.95M	$64.32M	$58.36M	$42.18M	$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
# Analysts	3	3	4	5	4	5	2	7	8	4	3	4	7	5	6	3	2	2	2	2	3	4	5	6	6	3	3	3	2	2
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.76%	0.91%	0.95%	1.08%	0.82%	0.97%	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 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	3	3	4	5	4	5	2	7	8	4	3	4	7	5	6	3	2	2	2	2	3	4	5	6	6	3	3	3	2	2
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	$556.00K	$43.21M	$-3.97M	$74.30M	$3.68M	$385.83M	$-3.69M	$-17.68M	$-3.17M	$28.94M	$10.55M	$5.70M	$-718.00K	$-9.74M	$-2.97M	$-5.22M	$-1.23M
Avg Forecast	$-62.28M	$-54.53M	$-54.08M	$-48.32M	$-49.55M	$-42.86M	$-44.88M	$-39.01M	$-37.53M	$-26.97M	$-21.53M	$-28.91M	$-25.35M	$-20.43M	$-25.45M	$-23.09M	$-16.69M	$-9.07M	$-12.17M	$-13.50M	$-14.41M	$-10.46M	$-5.25M	$14.47M	$-580.23K	$-402.94K	$-306.23K	$-3.59M	$-435.17K	$-451.29K
High Forecast	$-47.33M	$-41.44M	$-41.10M	$-36.72M	$-37.65M	$-32.57M	$-34.11M	$-30.56M	$-25.89M	$-25.99M	$-21.53M	$-28.91M	$-22.60M	$-20.43M	$-19.34M	$-17.55M	$-12.68M	$-9.07M	$-12.17M	$-13.50M	$-14.41M	$-10.46M	$-5.25M	$17.37M	$-580.23K	$-402.94K	$-306.23K	$-2.88M	$-435.17K	$-451.29K
Low Forecast	$-77.36M	$-67.73M	$-67.18M	$-60.02M	$-61.54M	$-53.24M	$-55.75M	$-49.39M	$-45.94M	$-27.96M	$-21.53M	$-28.91M	$-28.39M	$-20.43M	$-31.61M	$-28.68M	$-20.73M	$-9.07M	$-12.17M	$-13.50M	$-14.41M	$-10.46M	$-5.25M	$11.58M	$-580.23K	$-402.94K	$-306.23K	$-4.31M	$-435.17K	$-451.29K
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.03%	-1.70%	0.17%	-4.45%	-0.41%	-31.69%	0.27%	1.23%	0.30%	-5.51%	0.73%	-9.83%	1.78%	31.80%	0.83%	11.99%	2.73%

7 analysts predict RIOT's average Quarter EBITDA for Dec 23 to be $-25.35M, with a high of $-22.60M and a low of $-28.39M. This is -4660.03% lower than Riot Blockchain's previous annual EBITDA (Sep 23) of $556.00K.

Riot Blockchain Net Income Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	3	3	4	5	4	5	2	7	8	4	3	4	7	5	6	3	2	2	2	2	3	4	5	6	6	3	3	3	2	2
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	$-45.33M	$-27.69M	$-55.69M	$-155.78M	$-36.57M	$-366.33M	$35.63M	$-19.45M	$-15.34M	$19.34M	$7.53M	$3.91M	$-1.72M	$-10.59M	$-4.28M	$-3.40M	$-1.83M
Avg Forecast	$-10.91M	$-22.12M	$-24.34M	$-35.20M	$-41.73M	$-59.76M	$-25.55M	$-32.16M	$-32.46M	$-51.47M	$-29.62M	$-56.66M	$-80.17M	$-76.98M	$-60.63M	$-41.21M	$-34.87M	$3.70M	$14.62M	$897.85M	$103.83M	$72.77M	$2.35M	$10.50M	$-18.52M	$-21.17M	$-44.99M	$-5.18M	$-29.11M	$-29.11M
High Forecast	$-7.51M	$-15.22M	$-16.74M	$-24.22M	$-28.70M	$-41.11M	$-17.58M	$-24.12M	$-23.51M	$-35.41M	$-20.38M	$-38.97M	$-58.06M	$-52.96M	$-41.71M	$-28.35M	$-23.99M	$3.70M	$14.62M	$1.08B	$103.83M	$72.77M	$2.35M	$12.61M	$-18.52M	$-21.17M	$-44.99M	$-4.14M	$-29.11M	$-29.11M
Low Forecast	$-14.35M	$-29.08M	$-32.00M	$-46.28M	$-54.86M	$-78.58M	$-33.60M	$-43.41M	$-47.01M	$-67.67M	$-38.95M	$-74.49M	$-107.82M	$-101.21M	$-79.72M	$-54.18M	$-45.84M	$3.70M	$14.62M	$718.28M	$103.83M	$72.77M	$2.35M	$8.40M	$-18.52M	$-21.17M	$-44.99M	$-6.21M	$-29.11M	$-29.11M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.59%	0.46%	1.35%	4.47%	-9.87%	-25.05%	0.04%	-0.19%	-0.21%	8.23%	0.72%	-0.21%	0.08%	0.24%	0.83%	0.12%	0.06%

Riot Blockchain's average Quarter net income forecast for Jun 22 is $14.62M, with a range of $14.62M to $14.62M. RIOT's average Quarter net income forecast represents a -58.96% decrease compared to the company's last Quarter net income of $35.63M (Mar 22).

Riot Blockchain SG&A Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	3	3	4	5	4	5	2	7	8	4	3	4	7	5	6	3	2	2	2	2	3	4	5	6	6	3	3	3	2	2
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	$29.07M	$19.84M	$12.68M	$29.90M	$16.00M	$10.71M	$10.91M	$39.46M	$40.31M	$3.51M	$5.46M	$2.29M	$2.00M	$2.23M	$3.73M	$2.02M	$1.76M
Avg Forecast	$133.25M	$116.65M	$115.70M	$103.38M	$105.99M	$91.69M	$96.02M	$83.45M	$80.28M	$57.71M	$46.05M	$61.84M	$54.24M	$43.71M	$54.44M	$49.39M	$35.70M	$36.19M	$48.58M	$53.87M	$57.50M	$41.74M	$20.95M	$7.62M	$2.32M	$1.61M	$1.22M	$771.82K	$1.74M	$1.80M
High Forecast	$165.51M	$144.89M	$143.71M	$128.41M	$131.66M	$113.89M	$119.27M	$105.67M	$98.28M	$59.82M	$46.05M	$61.84M	$60.73M	$43.71M	$67.62M	$61.35M	$44.34M	$36.19M	$48.58M	$53.87M	$57.50M	$41.74M	$20.95M	$9.14M	$2.32M	$1.61M	$1.22M	$771.82K	$1.74M	$1.80M
Low Forecast	$101.26M	$88.64M	$87.92M	$78.56M	$80.55M	$69.68M	$72.97M	$65.38M	$55.40M	$55.59M	$46.05M	$61.84M	$48.35M	$43.71M	$41.37M	$37.54M	$27.13M	$36.19M	$48.58M	$53.87M	$57.50M	$41.74M	$20.95M	$6.10M	$2.32M	$1.61M	$1.22M	$771.82K	$1.74M	$1.80M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.67%	0.36%	0.26%	0.84%	0.44%	0.22%	0.20%	0.69%	0.97%	0.17%	0.72%	0.99%	1.24%	1.82%	4.84%	1.16%	0.98%

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 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	3	3	4	5	4	5	2	7	8	4	3	4	7	5	6	3	2	2	2	2	3	4	5	6	6	3	3	3	2	2
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	$-0.25	$-0.00	$-0.33	$-1.12	$-0.24	$-2.81	$0.30	$-0.20	$-0.16	$0.22	$0.09	$0.09	$-0.04	$-0.31	$-0.15	$-0.12	$-0.08
Avg Forecast	$-0.04	$-0.08	$-0.09	$-0.12	$-0.15	$-0.21	$-0.09	$-0.11	$-0.11	$-0.18	$-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	$-0.03	$-0.05	$-0.06	$-0.08	$-0.10	$-0.14	$-0.06	$-0.08	$-0.08	$-0.12	$-0.07	$-0.14	$-0.20	$-0.18	$-0.15	$-0.10	$-0.08	$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
Low Forecast	$-0.05	$-0.10	$-0.11	$-0.16	$-0.19	$-0.27	$-0.12	$-0.15	$-0.16	$-0.24	$-0.14	$-0.26	$-0.38	$-0.35	$-0.28	$-0.19	$-0.16	$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
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.93%	0.00%	2.29%	9.19%	-17.14%	-50.85%	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 Jun 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

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
BITF	Bitfarms	$2.23	$4.26	91.03%	Buy
CLSK	CleanSpark	$14.12	$25.33	79.39%	Buy
BTBT	Bit Digital	$4.03	$6.50	61.29%	Buy
HIVE	HIVE Blockchain	$4.29	$6.50	51.52%	Buy
MARA	Marathon Digital	$19.86	$29.25	47.28%	Buy
RIOT	Riot Blockchain	$12.27	$16.56	34.96%	Buy
WULF	TeraWulf	$7.38	$7.08	-4.07%	Buy
HUT	Hut 8 Mining	$25.32	$16.90	-33.25%	Buy

RIOT Forecast FAQ

Is Riot Blockchain a good buy?

Yes, according to 9 Wall Street analysts, Riot Blockchain (RIOT) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 8 'Buy' recommendations, accounting for 88.89% of RIOT's total ratings.

What is RIOT's price target?

Riot Blockchain (RIOT) average price target is $16.56 with a range of $9 to $23, implying a 34.96% from its last price of $12.27. The data is based on 9 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Riot Blockchain stock go up soon?

According to Wall Street analysts' prediction for RIOT stock, the company can go up by 34.96% (from the last price of $12.27 to the average price target of $16.56), up by 87.45% based on the highest stock price target, and down by -26.65% based on the lowest stock price target.

Can Riot Blockchain stock reach $20?

RIOT's highest twelve months analyst stock price target of $23 supports the claim that Riot Blockchain can reach $20 in the near future.

What are Riot Blockchain's analysts' financial forecasts?

Riot Blockchain's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $586.39M (high $731.5M, low $448.67M), average EBITDA is $-176M (high $-135M, low $-220M), average net income is $-159M (high $-112M, low $-210M), average SG&A $377.16M (high $470.49M, low $288.58M), and average EPS is $-0.556 (high $-0.39, low $-0.735). RIOT's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $729.14M (high $905.68M, low $554.09M), average EBITDA is $-219M (high $-167M, low $-272M), average net income is $-92.572M (high $-63.681M, low $-122M), average SG&A $468.97M (high $582.52M, low $356.38M), and average EPS is $-0.323 (high $-0.222, low $-0.425).

Did the RIOT's actual financial results beat the analysts' financial forecasts?

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 $-51.427M by -973.70%. The company's net income was $-510M, missing the average estimation of $881.31M by -157.82%. 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 $-20.43M by -102.72%. Riot Blockchain's net income was $-45.325M, missing the average estimation of $-76.98M by -41.12%. 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%