Riot Platforms stock faces a USD 33 target after Q2 loss

Published on 10/04/2026 at 20:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Riot Platforms stock generated USD 174.2 million in Q2 2026 revenue, up from USD 153.0 million a year earlier. B. Riley set a USD 33 target on September 29.

RIOT, US7672921050, Illustration mit AI erstellt.

Riot Platforms (ISIN US7672921050) closed at USD 19.73 on Nasdaq on October 2, 2026, gaining USD 0.12 or 0.6 percent from the prior close. The latest analyst action puts the data center and Bitcoin mining company against a USD 33 target from B. Riley.

B. Riley raises its target

According to Markets Insider on September 29, 2026, B. Riley raised its Riot Platforms price target from USD 28 to USD 33 and kept a Buy rating. The note cited regulatory uncertainty, higher yields and slower leasing as pressures on valuations across the digital mining and high-performance computing group.

That target sits above the October 2 close, but the stock still trades well below its 52-week high of USD 30.32. The same session's range was USD 19.35 to USD 21.09, with 16,581,301 shares changing hands.

Revenue grows while losses widen

Riot's second quarter 2026 revenue was USD 174.2 million for the period ended June 30, 2026, up from USD 153.0 million in the second quarter of 2025. According to MinerTerminal, the quarter produced a net loss of USD 237.2 million and diluted EPS of negative USD 0.68.

The comparison is mixed: revenue increased by USD 21.2 million year over year, while the latest quarter remained loss-making. Cash and cash equivalents stood at USD 471.4 million on June 30, 2026, giving the balance sheet a larger liquidity cushion than the USD 255.4 million recorded a year earlier.

Consensus remains above the market

Stock Analysis lists a Strong Buy consensus from 22 analysts, with an average price target of USD 32.36. Against the USD 19.73 October 2 close, that consensus target is USD 12.63 higher.

The operating story behind the valuation is shifting toward data center infrastructure. Riot's Rockdale campus had 241 megawatts of power under contract as of June 30, 2026, while the company also held 11,380 Bitcoin and operated at a reported hashrate of 44.4 exahash per second.

Riot Platforms stock closes at USD 19.73

Riot Platforms closed at USD 19.73 on Nasdaq on October 2, 2026, with a market capitalization of USD 7.4 billion and a 52-week range of USD 11.50 to USD 30.32. The next valuation test is whether contracted data center capacity can offset continuing quarterly losses.