Analysts Remain Bullish on Riot Platforms (RIOT) As Company Shifts Toward High-Performance Computing Infrastructure

Riot Platforms, Inc. (NASDAQ:RIOT) is one of the stocks on our list of the best blockchain infrastructure stocks according to analysts.

Riot Platforms, Inc. (NASDAQ:RIOT) boasts bullish analyst sentiment as of March 17, 2026, with all covering analysts maintaining “Buy” ratings on the stock. The stock’s upside remains healthy as well, with the $26 consensus price target implying over 75% upside potential. The company is marking a strategic shift toward high-performance computing infrastructure, which is earning analysts’ confidence in its longer-term growth outlook.

However, analyst sentiment at Needham was influenced by the company’s full-year results.

Analysts cited weaker-than-expected top and bottom line performance amid ongoing weakness in mining. The sluggish performance was also driven by higher-than-expected expenses, including SG&A. The firm’s analysts trimmed 2026 mining estimates to incorporate a lower Bitcoin price forecast for 2026. Accordingly, Needham cut its price target on the stock from $30 to $24, while reiterating a “Buy” rating.

For the full year 2025, Riot Platforms, Inc. (NASDAQ:RIOT)’s revenue rose from $376.70 million in 2024 to $647.40 million. The top-line performance was driven by the $576.30 million Bitcoin mining revenue. Despite positive revenue growth, the company reported a GAAP net loss of $663.20 million and a non-GAAP adjusted EBITDA of $13.00 million.

Riot Platforms, Inc. (NASDAQ:RIOT), a Bitcoin mining company, operates large-scale mining facilities and designs power distribution and electrical systems through its Engineering segments.

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