Key Takeaways:
- Riot Platforms' (RIOT, Financial) Q1 2025 revenue outpaced predictions, totaling $161.4 million, yet shares fell 3.6% after-hours.
- Despite a significant bitcoin reserve valued at $1.6 billion, profitability challenges impacted investor sentiment.
- Analysts remain optimistic, with average target prices suggesting a potential upside of over 100% from current levels.
Riot Platforms (NASDAQ: RIOT) experienced a 3.6% dip in its stock price during after-hours trading on Thursday. This occurred despite a notable increase in bitcoin mining revenue in Q1 2025. The company's total revenue climbed to $161.4 million, surpassing analyst expectations. However, challenges in achieving profitability led to investor concerns. Riot mined 1,530 bitcoins in this quarter, maintaining a substantial reserve worth $1.6 billion, highlighting its robust position in the cryptocurrency mining sector.
Wall Street Analysts' Forecast
Analysts have provided one-year price targets for Riot Platforms Inc (RIOT, Financial), with the average target standing at $16.32. This suggests a significant upside of 110.06% from the current market price of $7.77. These predictions range from a high of $22.00 to a low of $9.00. For further insights into the stock's potential movement, visit the Riot Platforms Inc (RIOT) Forecast page.
The consensus among 16 brokerage firms rates Riot Platforms Inc (RIOT, Financial) at an average of 1.9 on a scale where 1 indicates a "Strong Buy" and 5 a "Sell," thereby reflecting an "Outperform" status. This favorable rating underscores analysts' confidence in the company's future performance.
GuruFocus estimates the GF Value for Riot Platforms Inc (RIOT, Financial) to be $13.35 within the coming year. This estimation points to a upside potential of 71.81% from its current trading price of $7.77. The GF Value metric is crafted from historical trading multiples, past business growth, and projected future performance. Detailed analyses and stock insights can be accessed on the Riot Platforms Inc (RIOT) Summary page.
