Morgan Stanley cuts Riot Platforms stock target from USD 43.00 to USD 35.50

Published on 10/20/2026 at 19:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached USD 174.24 million, up 14.00 percent year over year. Riot Platforms stock costs EUR 12.50 on October 20, 2026 after hours.

Morgan Stanley target revision

Morgan Stanley lowered its Riot Platforms target from USD 43.00 to USD 35.50 on October 12, 2026.
Second-quarter 2026 revenue reached USD 174.24 million, up 14.00 percent year over year.
Riot Platforms stock costs EUR 12.50 at Lang & Schwarz on October 20, 2026 at 7:22 p.m. CEST.

RIOT, US7672921050, Illustration mit AI erstellt.

Riot Platforms (ISIN US7672921050) faces a lower Morgan Stanley target after the firm cut its view from USD 43.00 to USD 35.50 on October 12, 2026, while second-quarter revenue reached USD 174.24 million. MarketBeat lists the change and retains an Overweight rating. The stock was trading at EUR 12.50 at Lang & Schwarz on October 20, 2026 at 7:22 p.m. CEST.

Revenue grew, losses remained large

Riot Platforms reported USD 174.24 million of revenue for the second quarter of 2026, compared with USD 153.00 million in the second quarter of 2025, a 14.00 percent increase. The company also reported a net loss of USD 237.17 million and diluted loss of USD 0.68 per share for the quarter.

Simply Wall St reported that the quarter moved from USD 0.65 profit per share in the second quarter of 2025 to the USD 0.68 loss per share in the second quarter of 2026. The same report identified a USD 27.97 million impairment charge on property and equipment.

Stock range stays wide

Riot Platforms traded at USD 14.01 on Nasdaq on October 20, 2026 at 1:29 p.m. ET. Its market capitalization stood at USD 5.3 billion, while the 52-week range extended from USD 11.50 to USD 30.32. Trading volume had reached 8,779,071 shares at that timestamp.

What does the lower target mean?

Morgan Stanley's USD 35.50 target remains USD 21.49 above the Nasdaq price of USD 14.01 on October 20, 2026. The revision therefore leaves the target materially above the quoted US price, but the direction of the analyst action is cautious because the previous target was USD 43.00.

Riot Platforms has scheduled its next earnings release for October 29, 2026, according to TIKR. The date gives investors the next formal checkpoint for revenue, mining performance and the company's digital infrastructure strategy.

Digital infrastructure remains central

Riot Platforms describes its business as large-scale digital infrastructure, Bitcoin mining and data center development, with facilities in Texas and Kentucky. Its investor materials identify Nasdaq under the ticker RIOT and describe engineering and fabrication capabilities in Denver and Houston, according to Riot Platforms.

Price and analyst view

The euro quotation was EUR 12.50 at Lang & Schwarz on October 20, 2026 at 7:22 p.m. CEST. The current Nasdaq quotation was USD 14.01 at 1:29 p.m. ET, while the Morgan Stanley target stood at USD 35.50 after the October 12 revision.

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