Analysts update ratings for Riot Platforms amid mixed market sentiment

In the last three months, eight analysts have updated their ratings for Riot Platforms, showing a mix of bullish and bearish views. Recently, three analysts rated the stock as bullish, while five were somewhat bullish. This contrasts with previous months where fewer positive ratings were noted. The average 12-month price target for Riot Platforms is now $16.00, down from $16.86. The highest estimate is $23.00, while the lowest is $9.50. Notable changes include Chase White lowering his target from $18.00 to $13.00, while Paul Golding raised his from $15.00 to $17.50. Riot Platforms, a Bitcoin mining company, has faced challenges, including an 8.76% revenue decline over three months. Its net margin and return on equity are below industry averages, indicating profitability issues. However, the company maintains a low debt-to-equity ratio, suggesting a healthier financial structure.