tiprankstipranks
Analysts See 113% Upside in Riot Blockchain (NASDAQ:RIOT)
Market News

Analysts See 113% Upside in Riot Blockchain (NASDAQ:RIOT)

Crypto miner Riot Blockchain (NASDAQ:RIOT) continues to rise and is now up over 9% over the past five days.

The company produced 374 Bitcoin (BTC-USD) in August while lowering its power costs. This earned RIOT about $3 million in power credits. At the end of August, the company had about 6,720 Bitcoins and a deployed fleet of 46,658 miners.

Will RIOT Stock Go Back up?

The price gains come after a massive 70% nosedive in the stock so far in 2022 and in the meantime, analysts continue to remain Bullish about the stock.

Overall, Wall Street has a Strong Buy consensus rating on RIOT based on six unanimous Buy. The average price target of $14.83 implies a massive 112.77% potential upside in the stock.

Read full Disclosure

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles