Riot Platforms, Inc. (NASDAQ:RIOT): A Strong Buy in the Cryptocurrency Mining Sector

Font: Financial Modeling Prep  • Sep 24, 2025

• Roth Capital upgrades NASDAQ:RIOT to a "Buy" rating with a significant price target increase, indicating strong confidence in the company's future.
• Despite a recent dip, RIOT's stock has surged by 31.78% over the past month, outperforming both the Finance sector and the S&P 500.
• Upcoming earnings report expected to show earnings of -$0.19 per share and a revenue increase of 95.38% year-over-year, signaling significant financial progress.

Riot Platforms, Inc. (NASDAQ:RIOT) is a prominent player in the cryptocurrency mining industry. The company focuses on mining Bitcoin, leveraging its extensive infrastructure to maximize efficiency and output. Riot competes with other major cryptocurrency mining firms, striving to maintain a competitive edge through technological advancements and strategic expansions.

On September 24, 2025, Roth Capital upgraded NASDAQ:RIOT to a "Buy" rating, with the stock priced at $18.38. This upgrade came with an increased price target from $17.50 to $42, signaling strong confidence in the company's future performance. Despite this positive outlook, RIOT's stock recently closed at $17.08, a 2.41% decrease from the previous session, contrasting with broader market declines.

Despite the recent dip, RIOT's stock has surged by 31.78% over the past month, significantly outperforming the Finance sector's 2.06% gain and the S&P 500's 3.64% increase. This impressive growth highlights investor optimism and the company's potential to capitalize on favorable market conditions. The stock's current price is $17.99, reflecting a 5.39% increase, with a daily range between $17.78 and $20.13.

Investors are eagerly awaiting Riot Platforms' upcoming earnings report. Analysts predict earnings of -$0.19 per share, representing a 64.81% year-over-year growth. The consensus estimate for revenue is $165.66 million, indicating a substantial 95.38% increase from the same quarter last year. These projections suggest significant progress in the company's financial performance.

Riot Platforms' market capitalization is approximately $6.65 billion, with a trading volume of 58.69 million shares. The stock has experienced fluctuations, with a 52-week high of $20.13 and a low of $6.19. These figures reflect the volatility and potential for growth within the cryptocurrency mining sector, as highlighted by Roth Capital's optimistic outlook.