Riot Platforms, Inc.(RIOT)NASDAQ
Stock Overview & Analysis
Riot Platforms, Inc. (RIOT) quick overview 2026-02-20
- The stock is currently trading at $15.68, experiencing a short-term pullback within a declining trend—trading below its 50-day average while below the 200-day.
- Analysts appear optimistic, with a 1-year price target of $26.89 (71.5% upside).
- Volatility is elevated (94.48% annualized), implying wide price swings.
- The fundamental story is nuanced: solid revenue growth (1.13% YoY) alongside significant competitive pressures.
Here's What You Need to Know Right Now
Concise, actionable context
Riot Platforms, Inc. - Historical Price & Volume
Market Cap
Enterprise Value: $6.30B
P/E Ratio
Forward P/E: -390.24
Revenue Growth
Year over Year
Analyst Target
+71.5% upside potential
Key Investor Questions
Clarity over jargon
- Technicals say: Neutral (RSI 52.29)
- Fundamentals say: Caution warranted (high leverage concerns)
- Future growth will depend on performance in core Capital Markets operations.
- The ability to manage competitive pressures will be crucial for sustained growth.
- $871.85M in debt could be a headwind in a high-rate environment.
- Fierce competition from established players in Capital Markets.
Trading Range
Over the past year, the stock traded between $6.19 and $23.93—recovering meaningfully from lows and currently near the higher end. Big swings are likely unless a major catalyst emerges.
Volatility
With 94.48% annualized volatility and β=3.59, the stock exhibits high sensitivity to market moves—suitable for investors comfortable with active risk management.
Ownership Snapshot
High institutional backing, but elevated short interest signals a potential battleground stock.
Analyst Sentiment
Latest News
Recent headlines and coverage
Better Data Center Stock: Applied Digital vs. Riot Platforms
Data centers are popping up across the country to handle AI demand. Which of these two stocks has greater upside?
Why Riot Platforms Stock Zoomed Higher Today
One of the company's more influential shareholders is concerned about the effects of a strategic transformation on its share price.
Starboard Urges Riot to Speed Up Shift to Data Centers
Activist investor Starboard Value is asking Riot Platforms to speed up its transition from Bitcoin miner to a data center company that could house hyperscaler tenants. Starboard, which helped appoint directors to Riot's board last year, made its views known in a public letter signed by Peter Feld, Starboard's managing member that confirmed an earlier Bloomberg News report. Bloomberg's Lauren Tara LaCapra discusses on "Bloomberg Deals".
Bitcoin Miner Riot Must Embrace $21 Billion AI Opportunity, Says Activist Investor
An activist investor said Bitcoin miner Riot Platforms needs a "renewed sense of urgency" in order to capitalize on the major AI opportunity.
Riot Surges On Activist Data Center Proposal, ARK Resumes Coinbase Buys
Activist investor urges Riot Platforms to expedite shift from bitcoin miner to data center play. Cathie Wood, ARK resume buying Coinbase.
Bitcoin miner gets letter from activist shareholder demanding faster AI pivot for stock price boost
An important shareholder in Bitcoin miner Riot Platforms sent an urgent letter to the company's CEO to get them to pivot further into AI. Starboard Value holds a 3.5% stake in Riot Platforms. Bitcoin miners have been increasingly moving away from the cryptocurrency and into high-powered computing and AI.
MSTR Stock Plunges 60% in a Year: Why the Dip Signals a Buying Chance
Strategy plunges nearly 60% in a year, but its $60B Bitcoin reserve and capital firepower may offer a strategic entry point.
Riot Platforms Pushed by Activist Investor to Speed Up AI Transition. The Stock Rises.
Starboard Value requests a “renewed sense of urgency” from Riot Platforms, which secured a deal with Advanced Micro Devices last month.
Starboard Value projects $52 share price for Riot Platforms in AI pivot
The activist investor argues that transitioning 1.7 GW of power capacity to high-performance computing could drive shares up 250%.
Starboard presses Riot Platforms to speed up AI data center push
Activist investor Starboard Value on Wednesday pressed Riot Platforms to speed up AI data center deals, saying the bitcoin miner is well-positioned to capitalize on booming demand for artificial intelligence infrastructure. Shares of Riot rose about 5% in premarket trading. The push underscores a shift among crypto miners, which are looking to use their large power capacity for AI computing as bitcoin mining profits remain volatile and demand for AI data centers grows rapidly.
Frequently Asked Questions
Common investor questions about Riot Platforms, Inc.
Riot Platforms, Inc. (RIOT) is currently trading at $15.68. The RSI (14-day) is at 52.3, indicating neutral territory. Wall Street analysts have a consensus "strong_buy" recommendation. The mean analyst price target of $26.89 implies 71.5% upside from current levels. Volatility is high at 94.5% annualized, meaning significant price swings are common. Investors should consider their risk tolerance, investment horizon, and portfolio diversification before making a decision.
Based on current valuation metrics for Riot Platforms, Inc. (RIOT): The trailing P/E ratio is 29.85, which is in line with broader market averages. The forward P/E is -390.24, lower than the trailing P/E, suggesting analysts expect earnings improvement. Price-to-Book is 1.64. Price-to-Sales is 9.05. Valuation should be compared to Capital Markets industry peers for context, as different sectors trade at different multiples.
Based on 19 analysts covering RIOT, the consensus price target is $26.89. This represents a 71.5% upside from the current price of $15.68. The range spans from a low target of $13.92 to a high target of $42.00, reflecting varying levels of optimism among analysts. The consensus recommendation is "strong_buy". Note: Analyst price targets are forward-looking estimates and not guarantees of future performance.
Riot Platforms, Inc. (RIOT) does not currently pay a regular dividend. The company may be reinvesting profits into growth initiatives, or may not yet be profitable enough to distribute earnings to shareholders.
Key risks for Riot Platforms, Inc. (RIOT) investors include: 1. High volatility (94.5% annualized)—the stock can experience significant daily price swings. 2. Elevated short interest (13.3% of float) suggests significant bearish sentiment. 3. Broader market and macroeconomic risks (interest rates, inflation, geopolitical events). 4. Capital Markets sector-specific competitive pressures. Investors should diversify and consider their risk tolerance before investing.
Here is Riot Platforms, Inc.'s (RIOT) current debt and financial health profile: Total debt stands at $871.85M. The debt-to-equity ratio is 24.88, which is conservative and indicates a strong balance sheet with low leverage. The current ratio is 1.47, indicating adequate short-term liquidity. The quick ratio is 1.00. The company holds $330.74M in cash and equivalents. Free cash flow is positive at $80.54M, providing a cushion for debt servicing and shareholder returns.