Riot Platforms Inc. saw its stock rise by 5.03% as it reached a 5-day high.
However, the company reported an 11% decline in Bitcoin production for December 2025, with production dropping to 460 Bitcoins, which raises concerns about production efficiency and future revenue growth. Additionally, the average daily production decreased from 14.8 to 14.4 Bitcoins, indicating potential market share loss in the competitive Bitcoin mining sector. The significant revenue drop, with net proceeds from Bitcoin sales plummeting 337% to $161.6 million, further complicates the company's financial outlook.
These challenges in production and revenue could limit Riot's investment and expansion plans, despite the overall positive market performance reflected in the S&P 500's rise.
Wall Street analysts forecast RIOT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RIOT is 27.19 USD with a low forecast of 20.00 USD and a high forecast of 42.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
Wall Street analysts forecast RIOT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RIOT is 27.19 USD with a low forecast of 20.00 USD and a high forecast of 42.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Buy
0 Hold
0 Sell
Strong Buy
Current: 17.550
Low
20.00
Averages
27.19
High
42.00
Current: 17.550
Low
20.00
Averages
27.19
High
42.00
Keefe Bruyette
Stephen Glagola
Outperform
maintain
$16 -> $23
2026-01-26
New
Reason
Keefe Bruyette
Stephen Glagola
Price Target
$16 -> $23
AI Analysis
2026-01-26
New
maintain
Outperform
Reason
Keefe Bruyette analyst Stephen Glagola raised the firm's price target on Riot Platforms to $23 from $16 and keeps an Outperform rating on the shares. The firm says the company's 10-year AMD lease provides Riot with a "high-quality tenant and meaningful organic demand visibility. The deal also commits roughly 21% of Rockdale's capacity to a long-duration operating income profile that remains structurally below tier-3 builds, the analyst tells investors in a research note.
JPMorgan
Overweight
downgrade
$19 -> $17
2025-11-24
Reason
JPMorgan
Price Target
$19 -> $17
2025-11-24
downgrade
Overweight
Reason
JPMorgan lowered the firm's price target on Riot Platforms to $17 from $19 and keeps an Overweight rating on the shares. The firm cites lower bitcoin prices and a higher share count for the target cut.
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Citizens JMP
Outperform
initiated
$25
2025-11-19
Reason
Citizens JMP
Price Target
$25
2025-11-19
initiated
Outperform
Reason
Citizens JMP initiated coverage of Riot Platforms with an Outperform rating and $25 price target. The firm launched coverage of five companies previously in bitcoin mining, saying they provide "critically-scarce" power supply for high performance compute and artificial intelligence. The deployment of graphics processing unit clusters represents an opportunity to "unlock significant value," the analyst tells investors in a research note. Citizens sees strong pricing trends with a continued supply/demand imbalance for the group.
Cantor Fitzgerald
Overweight
downgrade
$26 -> $25
2025-11-05
Reason
Cantor Fitzgerald
Price Target
$26 -> $25
2025-11-05
downgrade
Overweight
Reason
Cantor Fitzgerald lowered the firm's price target on Riot Platforms to $25 from $26 and keeps an Overweight rating on the shares. Riot minted 437 Bitcoin in October, or 14.1 Bitcoin per day, a decrease from the 445 Bitcoin, or 14.8 Bitcoin mined per day in September, the analyst tells investors in a research note. Riot did not provide any update related to its AI/HPC ambitions, which was the main focus of Q3 earnings when it reported last week, Cantor notes.
About RIOT
Riot Platforms, Inc. is a Bitcoin mining and digital infrastructure company. The Company has Bitcoin mining operations in central Texas and Kentucky, and electrical engineering and fabrication operations in Denver, Colorado, and Houston, Texas. It operates a Bitcoin-driven infrastructure platform. Its segments include Bitcoin Mining and Engineering. The Bitcoin Mining segment is engaged in Bitcoin mining activities. The Engineering segment designs and manufacturers power distribution equipment and custom engineered electrical products. This segment also provides electricity distribution product design, manufacturing, and installation services primarily focused on large-scale commercial and governmental customers and serves clients across a range of markets including data center, power generation, utility, water, industrial, and alternative energy. It is also focused on developing a portion of its power capacity for artificial intelligence (AI)/ high-performance computing (HPC) uses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
