H.C. Wainwright analyst Kevin Dede reiterated a Buy rating on Riot Blockchain (NASDAQ:RIOT) Inc on Friday, setting a price target of $64, which is approximately 29.16% above the present share price of $49.55.
Dede expects Riot Blockchain Inc to post earnings per share (EPS) of $0.16 for the second quarter of 2021.
The current consensus among 1 TipRanks analysts is for a Moderate Buy rating of shares in Riot Blockchain, with an average price target of $64.
The analysts price targets range from a high of $64 to a low of $64.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $5.29 million and a net profit of -$831 thousand. The company's market cap is $4.17 billion.
According to TipRanks.com, H.C. Wainwright analyst Kevin Dede is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 27.3% and a 44.94% success rate.
Riot Blockchain Inc is focused on building, supporting and operating blockchain technologies. Distributed blockchain technology is a decentralized and encrypted ledger that is designed to offer a secure, efficient, verifiable and permanent way of storing records and other information without the need for intermediaries. It serves as a medium of exchange, store of value or unit of account. The company's portfolio consists of Verady, Tesspay, Coinsquare, and others.