
Riot Blockchain (RIOT) Stock Forecast & Price Target
Riot Blockchain (RIOT) Analyst Ratings
Bulls say
Riot Platforms Inc. demonstrated strong growth potential, with a 19% quarter-over-quarter increase in hash rate contributing to improved revenue from its Bitcoin Mining segment. The Engineering division is projected to experience significant growth, with estimates set at a run rate of $100 million by Q4 2025, aligning with company guidance. Additionally, fourth-quarter results surpassed expectations due to higher Bitcoin prices, leading to a 16% increase in self-mining revenue, bolstered by a 12% rise in engineering and other revenue streams.
Bears say
Riot Platforms Inc faces significant headwinds due to the declining price of Bitcoin, which directly impacts its revenue and profitability, as well as a persistently high global hash rate that hampers mining operations. The company's EBITDA results fell well short of expectations, primarily due to elevated selling, general, and administrative (SG&A) expenses, and ongoing supply chain issues could further complicate its operational efficiency. Additionally, the prospect of reduced profitability from changing electricity pricing and the uncertain long-term benefits of its engineering segment contribute to a negative outlook on the company's financial health.
This aggregate rating is based on analysts' research of Riot Blockchain and is not a guaranteed prediction by Public.com or investment advice.
Riot Blockchain (RIOT) Analyst Forecast & Price Prediction
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