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Riot Platforms (RIOT) Gets a Buy from Cantor Fitzgerald

Tipranks - Tipranks - Wed Mar 4, 7:02AM CST

Cantor Fitzgerald analyst Brett Knoblauch reiterated a Buy rating on Riot Platforms yesterday and set a price target of $29.00. The company’s shares closed yesterday at $16.43.

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According to TipRanks, Knoblauch is a 5-star analyst with an average return of 17.8% and a 45.80% success rate. Knoblauch covers the Technology sector, focusing on stocks such as Strategy, Core Scientific Inc, and Bitdeer Technologies.

In addition to Cantor Fitzgerald, Riot Platforms also received a Buy from TipRanks – Google’s Google Financial – Capital Markets in a report issued today. However, on the same day, TipRanks – DeepSeek reiterated a Hold rating on Riot Platforms (NASDAQ: RIOT).

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Based on Riot Platforms’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $180.23 million and a net profit of $104.48 million. In comparison, last year the company earned a revenue of $84.79 million and had a GAAP net loss of $154.36 million

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