Piper Sandler cuts target for Riot Platforms stock to USD 19.00

Published on 10/24/2026 at 19:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 results are listed for November 4, 2026. Riot Platforms stock costs EUR 11.22 on October 24, 2026 at 1:04 p.m. CEST.

Analyst target cut and earnings date

Piper Sandler cut its Riot Platforms target from USD 25.00 to USD 19.00 on October 20, 2026.
Second-quarter revenue rose 13.89 percent year over year to USD 174.24 million, while GAAP net loss reached USD 237.17 million.
Riot Platforms stock costs EUR 11.22 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST, 58.65 percent below its 52-week high.

RIOT, US7672921050, Illustration mit AI erstellt.

Riot Platforms (ISIN US7672921050) faces a lower analyst target after Piper Sandler cut its price objective from USD 25.00 to USD 19.00 on October 20, 2026, according to Benzinga. At Lang & Schwarz, the stock was trading at EUR 11.22 on October 24, 2026 at 1:04 p.m. CEST.

Target cut leaves a wide gap

The revised Piper Sandler target stands 51.64 percent above the Nasdaq price of USD 12.53 on October 23, 2026. The target change followed earlier reductions from Cantor Fitzgerald and Morgan Stanley, while Markets Insider reported that Morgan Stanley maintained a Buy rating with a USD 35.50 target on October 22, 2026.

November 4 earnings date

MarketBeat lists November 4, 2026 as the estimated date for Riot Platforms' third-quarter results. The same page gives a consensus adjusted earnings-per-share estimate of minus USD 0.33 and a consensus revenue estimate of USD 160.83 million.

Nasdaq range remains wide

Riot Platforms last traded at USD 12.53 on Nasdaq on October 23, 2026 at 4:00 p.m. EDT. Its 52-week range was USD 11.50 to USD 30.32 on that date, placing the stock 8.96 percent above its low and 58.65 percent below its high. Market capitalization stood at USD 4.7 billion.

Revenue rose as losses deepened

For the second quarter of 2026, revenue reached USD 174.24 million, up 13.89 percent from USD 152.99 million a year earlier. The company reported a GAAP net loss of USD 237.17 million, compared with net profit of USD 219.45 million in the second quarter of 2025, according to Markets Insider. The figures leave the November report as the next scheduled test of revenue growth and cash generation.

Price position and outlook

Riot's valuation remains tied to its Bitcoin mining and digital infrastructure businesses, while the analyst range shows a substantial divide in expectations. The lower USD 19.00 target from Piper Sandler still sits above the latest Nasdaq price, but the estimate is below several other published targets.

Stock price and analyst view

The euro quotation was EUR 11.22 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST. The primary Nasdaq quotation was USD 12.53 on October 23, 2026 at 4:00 p.m. EDT, and the 52-week high was USD 30.32.

The further course of trading is shown by the continuously updated real-time quote of Riot Platforms stock.