Riot Platforms (RIOT) Boosts Bitcoin Production in March #CriptoNews

• Riot Platforms posted an impressive 25% increase in bitcoin production year-over-year.
• Market analysts forecast a potential upside of over 134% for RIOT stock.
• Riot Platforms maintains an “Outperform” status with a strong average brokerage recommendation.

Riot Platforms (RIOT, Financial) celebrated a noteworthy achievement in March by mining a substantial 533 bitcoins. This marks a 13% increase from February and an impressive 25% rise compared to March of the previous year. The company’s operational improvements have propelled their average daily production to 17.2 bitcoins, representing their highest post-halving production figures. Although there was a marginal 0.4% drop in after-hours trading, Riot’s advancements in hash rate and operational efficiency continue to bolster their performance.

Wall Street Analysts’ Insights

According to 13 Wall Street analysts, Riot Platforms Inc (RIOT, Financial) holds an average one-year price target of $17.12. The estimates range from a high of $23.00 to a low of $9.00, suggesting potential growth of 134.46% from the current stock price of $7.30. For a deeper dive into these estimates, visit the Riot Platforms Inc (RIOT) Forecast page.

Brokerage Recommendations and GF Value

Riot Platforms Inc is currently enjoying an “Outperform” rating based on the consensus from 16 brokerage firms, with an average recommendation score of 1.9. This is on a scale where 1 indicates a Strong Buy and 5 a Sell.

GuruFocus estimates project a GF Value of $13.75 for Riot Platforms Inc (RIOT, Financial) in a year’s time. This estimate indicates an 88.36% upside from the current price of $7.3. The GF Value is GuruFocus’ calculated fair value, influenced by historical trading multiples, past growth, and future performance projections. For more extensive data, visit the Riot Platforms Inc (RIOT) Summary page.