Riot Platforms price target lowered to $29 from $31 at Cantor Fitzgerald

Cantor Fitzgerald lowered the firm’s price target on Riot Platforms (RIOT) to $29 from $31 and keeps an Overweight rating on the shares. Riot Platforms reported Q4 results with 1,324 Bitcoin mined and $131.7M in mining revenue, up 7% year over year but down 18.1% quarter over quarter due to lower Bitcoin prices offsetting modest hash rate growth, the analyst tells investors in a research note. Management described 2025 as a transformational year, emphasizing the shift from pure mining to a vertically integrated data center developer under its “Power-First” strategy, though declining Bitcoin value and weakening mining economics have led to a lower price target Cantor says.