Riot Platforms Stock Sees $33 Price Target Amid Regulatory Uncertainty

Riot Platforms stock closed at $19.73 on Nasdaq on October 2, 2026, gaining 0.6% from the prior close.

Analyst B. Riley raised its price target for the digital infrastructure and Bitcoin mining company from $28 to $33 and maintained 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.

Riot's second-quarter revenue was $174.2 million, up from $153.0 million in the same period last year, but the company reported a net loss of $237.2 million and diluted EPS of negative $0.68.

The company's cash and cash equivalents stood at $471.4 million on June 30, 2026, giving the balance sheet a larger liquidity cushion than the $255.4 million recorded a year earlier.