JP Morgan has upgraded Riot Platforms Inc (RIOT) to Overweight from Neutral as of September 25, 2025. The stock is currently priced at $12.59.
This upgrade signals a more favorable outlook on Riot's future performance, potentially reflecting improved fundamentals or enhanced confidence in its strategic direction. Riot Platforms operates as a bitcoin mining company headquartered in Castle Rock, Colorado, employing 783 full-time staff. The firm conducts Bitcoin mining operations in central Texas and Kentucky while also providing electrical engineering services in Denver and Houston.
Riot's market capitalization stands at $4.8 billion, with a price-to-earnings ratio (P/E) of 29.37 and an earnings per share (EPS) of 0.21. The company is scheduled to report its next earnings on July 29, 2026, with an estimated EPS of -$0.08 and revenue of $191.1 million.
Analyst consensus indicates a majority positive sentiment, with 6 Strong Buy, 17 Buy, 1 Hold, and no Sell ratings among 24 analysts as of November 1, 2025. Recent analyst actions include upgrades from Citigroup and JP Morgan, reflecting a trend of increasing optimism within the sector.