Upgrades Summary - Rothschild & Co Redburn upgraded Kenvue (KVUE) to Buy from Neutral with a price target of $22, down from $22.50, citing a more measured response from the Health and Human Services department regarding Tylenol usage concerns [2] - Rosenblatt upgraded Ciena (CIEN) to Buy from Neutral with a price target of $175, up from $127.50, following an innovation day that highlighted opportunities to network multiple AI data centers [2] - Citi upgraded Riot Platforms (RIOT) to Buy from Neutral with a price target of $24, up from $13.75, due to the company's transition to AI and high-performance computing [2] - JPMorgan also upgraded Riot Platforms to Overweight from Neutral with a price target of $19, up from $15 [2] - Goldman Sachs upgraded Ionis Pharmaceuticals (IONS) to Neutral from Sell with a price target of $65, up from $45, noting the company's transition to a commercial growth story [2] - RBC Capital upgraded Alkermes (ALKS) to Outperform from Sector Perform with a price target of $44, up from $42, based on positive analysis of potential narcolepsy type 2 treatment effects for alixorexton [2]

Core Insights - Riot Platforms (NASDAQ: RIOT) stock price increased by over 10% due to record production and positive sentiment in the crypto mining sector [1] - Analysts are optimistic about Riot's potential, with predictions that leasing its data center could double the stock price [2] - Riot's August output reached 477 BTC, a 48% year-over-year increase, with electricity costs remaining low at 2.6 cents per kWh [2][4] Financial Performance - Riot's August mining revenue was $1.46 billion, up from $1.1 billion in July, translating to approximately $53 million from 477 BTC mined [3] - The company reported quarterly revenue of $376.7 million, with impressive EBITDA margins of 76% and gross margins of 70.1%, but a concerning net margin of -17.5% [5] - Total liabilities stand at $989 million, but a current ratio of 1.4 indicates the balance sheet can manage short-term obligations [5] Market Position and Challenges - Riot's competitive edge lies in its low electricity costs, which are below the US industrial average that increased by 4% year-over-year [4] - The company's efficiency remains a concern, especially as Bitcoin prices hover around critical support levels [6] - Energy market conditions, including rising oil prices and tightening natural gas supplies, could impact Riot's operations, although fixed low-cost power contracts provide some insulation [6]

Core Viewpoint - Riot Platforms, Inc. is a significant player in the cryptocurrency mining industry, focusing on Bitcoin mining and aiming to enhance efficiency and output through technological advancements and strategic expansions [1] Company Performance - Roth Capital upgraded Riot Platforms to a "Buy" rating on September 24, 2025, increasing the price target from $17.50 to $42, indicating strong confidence in the company's future performance [2] - Despite a recent stock price decrease of 2.41% to $17.08, RIOT's stock has surged by 31.78% over the past month, outperforming the Finance sector's 2.06% gain and the S&P 500's 3.64% increase [3] - The current stock price is $17.99, reflecting a 5.39% increase, with a daily trading range between $17.78 and $20.13 [3] Earnings Expectations - Analysts predict earnings of -$0.19 per share for the upcoming earnings report, representing a 64.81% year-over-year growth [4] - The consensus estimate for revenue is $165.66 million, indicating a substantial 95.38% increase from the same quarter last year, suggesting significant progress in financial performance [4] Market Metrics - Riot Platforms has a market capitalization of approximately $6.65 billion, with a trading volume of 58.69 million shares [5] - The stock has experienced a 52-week high of $20.13 and a low of $6.19, reflecting the volatility and growth potential within the cryptocurrency mining sector [5]

Company Performance - Riot Platforms' shares increased significantly on September 24, opening at $17.82 and rising above $19, resulting in a market capitalization of approximately $7.04 billion, surpassing Marathon Digital Holdings (MARA) which has a valuation of $6.8 billion, making Riot the second most valued public bitcoin miner [1]. - In July 2025, Riot produced 484 BTC, an 8% increase from June's production of 450 BTC, but saw a decline in August with 477 BTC mined, representing a 2% month-over-month decrease [2][4]. - The company reported a return to profitability in its Q2 2025 earnings, indicating a positive financial turnaround [3]. Strategic Developments - Riot Platforms is expanding into high-performance computing, having hired Jonathan Gibbs as Chief Data Center Officer to lead scalable data-center development [3].

Group 1 - Bitcoin has surpassed $113,000 per coin, leading to a rise in cryptocurrency-related stocks [1] - Companies such as Canaan Inc. and Riot Platforms saw their stock prices increase by over 10% [1] - Bit Digital's stock rose by more than 6%, while MARA Holdings and CleanSpark increased by over 3% [1]

Group 1 - Riot Platforms, Inc. has an average brokerage recommendation (ABR) of 1.47, indicating a consensus between Strong Buy and Buy based on 17 brokerage firms' recommendations [2] - Of the 17 recommendations, 12 are Strong Buy and 2 are Buy, accounting for 70.6% and 11.8% of all recommendations respectively [2] - Despite the positive ABR, caution is advised as studies show limited success of brokerage recommendations in predicting stock price increases [5][10] Group 2 - The Zacks Consensus Estimate for Riot Platforms, Inc. remains unchanged at -$0.67, suggesting steady analyst views on the company's earnings prospects [13] - The unchanged consensus estimate has led to a Zacks Rank of 3 (Hold) for Riot Platforms, Inc., indicating a cautious outlook despite the Buy-equivalent ABR [14] - The Zacks Rank is driven by earnings estimate revisions, which are more timely and may provide better insights into future stock price movements compared to the ABR [11][12]

Group 1 - Riot Platforms (RIOT) has experienced a breakout after a three-day rally, driven by rising bitcoin prices, which have recently surpassed significant levels [1][4] - Core Scientific has seen a surge in stock price following reports of a potential acquisition attempt by AI infrastructure provider CoreWeave [2][4] - Analysts are optimistic about the bitcoin market, with predictions of a significant bull market and targets set as high as $225,000 for bitcoin [4] Group 2 - Riot Platforms has achieved an impressive Relative Strength (RS) rating, reaching 89, indicating strong price performance compared to other stocks [4] - The overall sentiment in the cryptocurrency market is positive, with bitcoin prices hitting new highs and increased inflows into ETFs [4] - The cryptocurrency sector is witnessing increased interest from institutional investors, as evidenced by the recent activities and market movements [4]

Group 1 - Riot Platforms, Inc. (NASDAQ:RIOT) experienced a significant stock price increase of 13.17% on Tuesday, closing at $15.21, driven by positive developments in the high-performance computing (HPC) sector [1][2] - The stock price reached a high of $15.30, just 3.6% below its 52-week peak of $15.87, indicating strong investor interest [1] - Riot Platforms is strategically shifting its capacity towards high-value data centers to meet the growing demand for HPC, as highlighted in its recent earnings report [2] Group 2 - The CEO of Riot Platforms, Jason Les, emphasized the company's strong balance sheet and access to capital markets, positioning it well to capitalize on the increasing demand for HPC and Bitcoin growth [3] - The company aims to maximize the utilization of its power capacity and expand thoughtfully to drive long-term value for shareholders [3]

⚡️ UPDATE: Riot Platforms mined 477 Bitcoin in Aug, sold 450 for $51.8M revenue; ends month with 19,309 $BTC held. https://t.co/tOSCrJSeDB ...

Riot Produces 477 Bitcoin in August 2025CASTLE ROCK, Colo., Sept. 03, 2025 (GLOBE NEWSWIRE) -- Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), a Bitcoin-driven industry leader in the development of large-scale data centers for high performance compute and bitcoin mining applications, announces unaudited production and operations updates for August 2025. Bitcoin Production and Operations Updates for August 2025 Comparison (%) Metric August 2025 1July 2025 1August 2024 1 Month/MonthYea ...