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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 $9.00 (represents a -19.57% downside from RIOT’s last price of $11.19) 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 $9.00 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $10.50 to $7.50. This represents a potential -19.57% downside from RIOT's last price of $11.19.

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 04, 2024Martin TonerLoop Capital Markets$10.50$3.93167.18%-6.17%
Sep 24, 2024Paul GoldingMacquarie$7.50$3.7798.94%-32.98%
Jun 10, 2024Brett KnoblauchCantor Fitzgerald$11.50$4.95132.32%2.77%
May 29, 2024Gautam ChhuganiBernstein$11.00$5.17112.77%-1.70%
May 28, 2024Lucas PipesB.Riley Financial$15.00$10.3345.21%34.05%
May 02, 2024Michael ColonneseH.C. Wainwright$17.00$9.8273.12%51.92%
Apr 05, 2024Lucas PipesB.Riley Financial$16.00$10.1957.02%42.98%
Mar 21, 2024Upgrades RiotCross Research$15.00$11.9825.21%34.05%
Feb 21, 2023John TodaroNeedham$9.00$6.3242.52%-19.57%
Feb 07, 2023Roth Capital$12.00$6.3987.65%7.24%

The latest Riot Blockchain stock forecast, released on Oct 04, 2024 by Martin Toner from Loop Capital Markets, set a price target of $10.50, which represents a 167.18% increase from the stock price at the time of the forecast ($3.93), and a -6.17% decrease from RIOT last price ($11.19).

Riot Blockchain Price Target by Period

1M3M12M
# Anlaysts-28
Avg Price Target-$9.00$12.94
Last Closing Price$11.19$11.19$11.19
Upside/Downside-100.00%-19.57%15.64%

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 $11.19. 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

DateCompanyPrevious RatingNew RatingRating Change
Oct 31, 2024H.C. WainwrightBuyBuyHold
Oct 31, 2024Compass PointBuyBuyHold
Oct 04, 2024ATB CapitalOutperformOutperformHold
Oct 03, 2024NeedhamBuyBuyHold
Oct 03, 2024MacquarieUnderperformUnderperformHold
Sep 24, 2024MacquarieOutperformInitialise
Aug 23, 2024NeedhamBuyBuyHold
Jul 24, 2024NeedhamBuyBuyHold
Jul 24, 2024H.C. WainwrightUnderperformUnderperformHold
Jun 25, 2024NeedhamBuyBuyHold
May 31, 2024B. RileyBuyBuyHold
May 29, 2024J.P. MorganUnderperformUnderperformHold
May 29, 2024NeedhamBuyBuyHold
May 29, 2024H.C. WainwrightBuyBuyHold
May 29, 2024BernsteinOutperformOutperformHold
May 02, 2024H.C. WainwrightBuyBuyHold
May 01, 2024J.P. MorganUnderperformUnderperformHold
May 01, 2024NeedhamBuyBuyHold
Apr 01, 2024ATB CapitalOutperformInitialise
Mar 20, 2024Cantor FitzgeraldUnderperformUnderperformHold
Mar 20, 2024NeedhamBuyBuyHold
Mar 01, 2024Cantor FitzgeraldOverweightOverweightHold
Mar 01, 2024WedbushNeutralNeutralHold
Mar 01, 2024BMO CapitalOutperformOutperformHold
Feb 13, 2024NeedhamBuyBuyHold
Feb 13, 2024Cantor FitzgeraldUnderperformUnderperformHold
Jan 22, 2024Cantor FitzgeraldBuyBuyHold
Jan 22, 2024BernsteinUnderperformUnderperformHold
Dec 05, 2023BarclaysBuyBuyHold
Oct 31, 2023BernsteinOutperformInitialise
May 11, 2023NeedhamBuyBuyHold
Apr 12, 2023NeedhamBuyBuyHold
Feb 21, 2023NeedhamBuyInitialise
Jul 27, 2022B. RileyBuyBuyHold
Jun 28, 2022Compass PointBuyUpgrade
Jan 04, 2022Cantor FitzgeraldOverweightInitialise

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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 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$171.81M$148.74M$153.35M$138.80M$133.75M$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$251.12M$219.84M$218.05M$194.83M$208.26M$180.29M$185.88M$157.23M$148.99M$93.01M$71.60M$96.14M$94.42M$67.95M$102.59M$93.09M$67.28M$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$160.00M$140.08M$138.93M$124.14M$132.69M$114.88M$118.44M$113.29M$100.60M$86.43M$71.60M$96.14M$75.17M$67.95M$65.37M$59.31M$42.87M$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
# Analysts334545279434756322223456633322
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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts334545279434756322223456633322
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$-51.65M$-44.72M$-46.10M$-41.73M$-40.21M$-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$-451.29K
High Forecast$-48.11M$-42.11M$-41.77M$-37.32M$-39.89M$-34.54M$-35.61M$-34.06M$-30.25M$-25.99M$-21.53M$-28.91M$-22.60M$-20.43M$-19.65M$-17.83M$-12.89M$-9.07M$-12.17M$-13.50M$-14.41M$-10.46M$-5.25M$17.37M$-580.23K$-402.94K$-306.23K$-2.88M$-435.17K$-451.29K
Low Forecast$-75.50M$-66.10M$-65.56M$-58.58M$-62.61M$-54.21M$-55.89M$-47.27M$-44.79M$-27.96M$-21.53M$-28.91M$-28.39M$-20.43M$-30.84M$-27.99M$-20.23M$-9.07M$-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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts334545279434756322223456633322
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$-40.13M$-57.51M$-26.43M$-32.95M$-41.04M$-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$-29.11M
High Forecast$-7.68M$-15.57M$-17.13M$-24.78M$-28.25M$-40.49M$-18.61M$-24.71M$-30.40M$-36.24M$-20.86M$-39.89M$-58.06M$-54.20M$-42.69M$-29.01M$-24.55M$3.70M$14.62M$1.08B$103.83M$72.77M$2.35M$12.61M$-18.52M$-21.17M$-44.99M$-4.14M$-29.11M$-29.11M
Low Forecast$-13.92M$-28.22M$-31.05M$-44.91M$-51.20M$-73.37M$-33.72M$-44.49M$-51.68M$-65.67M$-37.80M$-72.28M$-107.82M$-98.21M$-77.36M$-52.58M$-44.49M$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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts334545279434756322223456633322
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$110.50M$95.66M$98.63M$89.27M$86.03M$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$161.52M$141.40M$140.25M$125.31M$133.95M$115.96M$119.56M$101.13M$95.83M$59.82M$46.05M$61.84M$60.73M$43.71M$65.99M$59.88M$43.27M$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$102.91M$90.09M$89.36M$79.84M$85.35M$73.89M$76.18M$72.87M$64.71M$55.59M$46.05M$61.84M$48.35M$43.71M$42.04M$38.15M$27.57M$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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts334545279434756322223456633322
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$-0.14$-0.20$-0.09$-0.12$-0.14$-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$-0.09$-0.10$-0.14$-0.07$-0.09$-0.11$-0.13$-0.07$-0.14$-0.20$-0.19$-0.15$-0.10$-0.09$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$-0.16$-0.18$-0.26$-0.12$-0.16$-0.18$-0.23$-0.13$-0.25$-0.38$-0.34$-0.27$-0.18$-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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
CLSKCleanSpark$12.36$27.00118.45%Buy
BITFBitfarms$2.07$4.26105.80%Buy
HIVEHIVE Blockchain$3.84$6.5069.27%Buy
BTBTBit Digital$4.22$6.5054.03%Buy
MARAMarathon Digital$24.60$25.754.67%Buy
WULFTeraWulf$8.20$7.90-3.66%Buy
RIOTRiot Blockchain$13.97$9.00-35.58%Buy
HUTHut 8 Mining$29.62$17.63-40.48%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 $9 with a range of $7.5 to $10.5, implying a -19.57% from its last price of $11.19. 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 down by -19.57% (from the last price of $11.19 to the average price target of $9), down by -6.17% based on the highest stock price target, and down by -32.98% based on the lowest stock price target.

Can Riot Blockchain stock reach $20?

RIOT's average twelve months analyst stock price target of $9 does not support 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 $612.69M (high $731.67M, low $479.3M), average EBITDA is $-184M (high $-144M, low $-220M), average net income is $-157M (high $-112M, low $-203M), average SG&A $394.07M (high $470.6M, low $308.28M), and average EPS is $-0.549 (high $-0.392, low $-0.708). RIOT's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $729.14M (high $883.84M, low $563.15M), average EBITDA is $-219M (high $-169M, low $-266M), average net income is $-92.572M (high $-65.176M, low $-118M), average SG&A $468.97M (high $568.47M, low $362.21M), and average EPS is $-0.323 (high $-0.228, low $-0.413).

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%