Update shared on25 Sep 2025
Fair value Increased 11%Riot Platforms’ consensus price target has been raised to $19.21 as analysts cite rising HPC infrastructure valuations—highlighted by the CoreWeave-Core Scientific deal—and note Riot’s substantial, strategically located capacity remains undervalued relative to peers.
Analyst Commentary
- Bullish analysts raised Riot’s price target significantly based on a sum-of-the-parts valuation, factoring in the net present value of converting its 1.7GW operational capacity to high-performance computing (HPC) use.
- Some view the recent acquisition deal for Core Scientific by CoreWeave as a strong external validation of powered land and HPC infrastructure valuations, implying beneficial re-rating potential for Riot given its asset similarity.
- JPMorgan believes Riot trades at a notable discount to both Core Scientific and peers, despite having strategic access to 1.7GW of capacity near major metro areas, which strengthens its relative value proposition.
- The benchmarking from Core Scientific’s acquisition reflects a substantial market premium placed on energized megawatts in proximity to key metro hubs, with Riot perceived to have similar qualities underappreciated in its current valuation.
- Neutral analyst coverage exists, citing a more measured stance on Riot’s risk/reward balance despite acknowledging the evolving sector tailwinds from AI and data center demand.
What's in the News
- The White House has directed regulators to expand access to crypto, private equity, and other alternative investments in 401(k) plans, introducing new risks for retirement portfolios (Reuters, Aug 10, 2025).
- President Trump is expected to sign an executive order enabling 401(k) plans to invest in crypto, gold, and private equity, widening the U.S. retirement market to include digital assets (Financial Times, Jul 18, 2025).
- A Trump administration working group is set to release a report clarifying official stances on tokenization and crypto legislation, potentially influencing the regulatory outlook for digital assets (Reuters, Jul 30, 2025).
- Crypto regulatory bills backed by Trump faced delays in the House but ultimately progressed after a record-long vote, signaling ongoing legislative uncertainty in the sector (CNBC, Jul 17, 2025; Politico, Jul 16, 2025).
- Bitcoin surpassed $120,000, driven by long-term institutional buying, with expectations for continued appreciation despite potential short-term volatility from geopolitical events (CNBC, Jul 14, 2025).
Valuation Changes
Summary of Valuation Changes for Riot Platforms
- The Consensus Analyst Price Target has significantly risen from $17.28 to $19.21.
- The Consensus Revenue Growth forecasts for Riot Platforms has significantly risen from 22.4% per annum to 32.0% per annum.
- The Future P/E for Riot Platforms has fallen from 80.16x to 72.33x.
Disclaimer
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