- Bitcoin miners show resilience with a 17.1% production increase in March despite a price dip.
- Riot Platforms (RIOT, Financial) sees a potential 135.38% upside according to analyst forecasts.
- GuruFocus estimates an impressive 92.44% upside for RIOT based on GF Value.
In March, even as Bitcoin (BTC-USD) experienced a 2.1% price decline, leading Bitcoin miners, including Riot Platforms (RIOT), significantly ramped up production. These companies, driven by increased activity, collectively achieved a 17.1% boost in output compared to February, culminating in the production of 3,540 bitcoins for the month.
Wall Street Analysts Forecast
According to projections by 13 seasoned analysts, Riot Platforms Inc (RIOT, Financial) has a striking average target price of $16.50. This figure is complemented by a high estimate of $23.00 and a low estimate of $9.00. The projected average target suggests a substantial upside potential of 135.38% from the current trading price of $7.01. For more detailed estimate data, please visit the Riot Platforms Inc (RIOT) Forecast page.
Riot Platforms Inc (RIOT, Financial) currently holds an "Outperform" status, supported by the consensus recommendation of 16 brokerage firms, resulting in an average brokerage recommendation score of 1.9. This rating scale runs from 1 to 5, where 1 indicates a Strong Buy and 5 denotes a Sell position.
GuruFocus gives an estimated GF Value for Riot Platforms Inc (RIOT, Financial) of $13.49, highlighting a potential upside of 92.44% from its current price of $7.01. GF Value represents GuruFocus' calculation of the stock's fair trading value, derived from historical multiples, past business growth, and future performance estimates. Further detailed information is available on the Riot Platforms Inc (RIOT) Summary page.
