10 Best Stocks Under $20 to Buy for the Long Term

4. Riot Platforms, Inc. (NASDAQ:RIOT)

Stock Price: $12.27

5-Year Revenue Growth Rate: 136.85%

Number of Hedge Fund Holders: 48

Riot Platforms, Inc. (NASDAQ:RIOT) is one of the best stocks under $20 to buy for the long term. On August 7, Riot Platforms, Inc. (NASDAQ:RIOT) was upgraded by JonesResearch to Buy from Hold with an $18 price target.

Similarly, Brett Knoblauch from Cantor Fitzgerald maintained a Buy rating on Riot Platforms, Inc. (NASDAQ:RIOT) in a report released on August 6, setting a price target of $24.00.

Analysts are thus bullish on the stock, and its median price target of $12.27 implies an upside of 44.66% from current levels.

Riot Platforms, Inc. (NASDAQ:RIOT) is a digital infrastructure and Bitcoin mining company operating in Central Texas, Kentucky, and Colorado.

The company’s primary strategic focus is on building itself as a leading vertically integrated Bitcoin mining company, standing on three pillars of strength: being a low-cost Bitcoin producer, developing and owning operations of significant scale, and building a strong balance sheet.