Cantor Fitzgerald Lowers PT on Riot Platforms from $25 to $24, Maintains Overweight Rating

Riot Platforms, Inc. (NASDAQ:RIOT) is one of the 11 Low Price High Volume Stocks to Buy According to Analysts. On August 6, Cantor Fitzgerald lowered the price target on Riot Platforms, Inc. (NASDAQ:RIOT) from $25 to $24, maintaining its Overweight rating on the stock.

Brett Knoblauch from Cantor Fitzgerald made a slight price adjustment following the company’s July production report, with Riot mining 484 Bitcoins during the month. The company’s Bitcoin mining production increased from 449 in June 2025. This was driven by significant participation in demand response programs, which generated approximately $13.9 million in power credits for July, up from $5.6 million in June and $3.7% million year-over-year.

Knoblauch remains positive on Riot Platforms as the company continues to increase its net Bitcoin sales proceeds. For July 2025, the company achieved $54.8 million in net BTC sales proceeds, a notable 31.4% increase from June. Moreover, the company plans to expand its hash rate to 38.4 EH/s by Q3 2025 and reach 45 EH/s by Q1 2026, which was recorded at 35.5 EH/s as of July’s end.

Riot Platforms, Inc. (NASDAQ:RIOT) is a Bitcoin mining company and is involved in comprehensive and critical infrastructure for institutional-scale Bitcoin mining facilities.

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Disclosure: None. This article is originally published at Insider Monkey.