10 Stocks With 10-60% Upside

Ten stocks kicked off the trading week, clocking double-digit gains, mirroring a broader market rally, as investors digested and loaded portfolios from a flurry of key industry catalysts. Of the 10, five companies rallied to new all-time highs.

Meanwhile, the tech-heavy Nasdaq surged by 0.48 percent, the S&P 500 grew 0.26 percent, and the Dow Jones was up by 0.15 percent.

Indices aside, we highlight the 10 top-performing stocks during the session and detail the reasons behind their strong performance.

To come up with the list, we focused exclusively on mid-cap stocks with more than $2 billion in market capitalization and 5 million shares in trading volume.

Photo by Tima Miroshnichenko on Pexels

10. Galaxy Digital Ltd. (NASDAQ:GLXY)

Galaxy Digital rebounded on Monday, jumping 10.97 percent to finish at $34.29 apiece as investors mimicked the company’s optimism for Bitcoin hitting $200,000.

In an interview posted on YouTube, Galaxy Digital Ltd. (NASDAQ:GLXY) Chief Executive Officer Mike Novogratz said that he expects Bitcoin to crack past the $200,000 level if a more dovish Federal Reserve chairman gets appointed.

Optimism was further supported by the company’s series of investments in digital assets, including in K Wave Media—a Korean cultural innovation and digital asset firm—which earlier announced plans to develop a tokenization platform for facilitating fractional ownership and automated royalty distribution for films, concerts, and other creative works.

According to K Wave, it secured a $1 million investment from Galaxy Digital Ltd. (NASDAQ:GLXY), funds of which will be used to transform how entertainment projects raise capital and how fans engage with their favorite stars and creative works. The platform will also accept Bitcoin as a means of payment and investment.

Aside from K Wave, Galaxy Digital Ltd. (NASDAQ:GLXY) also raised its stake in Solana to a total of $1.55 billion following the acquisition of $306 million worth of tokens in just one day.

9. Riot Platforms Inc. (NASDAQ:RIOT)

Riot Platforms extended gains for a second day on Monday, jumping 11.81 percent to finish at $19.78 apiece as investors took path from optimism for Bitcoin to break past the $200,000 level and analysts’ positive ratings for its stock.

Riot Platforms Inc. (NASDAQ:RIOT) rallied alongside its counterparts, namely CleanSpark, MARA Holdings, and Galaxy Digital, after the latter’s chief executive turned highly optimistic for Bitcoin to hit the $200,000 territory, assuming a dovish chairman leads the Federal Reserve.

In other news, Riot Platforms Inc. (NASDAQ:RIOT) recently earned positive ratings from various analysts.

For its part, Citigroup raised its stock to “buy” from “hold,” while upgrading its price target to $24 from $13.75 previously, following an overall optimism for the high-performance computing (HPC) industry, buoyed by a number of billion-dollar partnerships. Riot Platforms Inc. (NASDAQ:RIOT) is transitioning to HPC services to capture and support the strong demand from the AI market.

Apart from Citi, the Bitcoin miner also gained an “overweight” rating from JPMorgan, an upgrade from the “neutral” previously, while raising its price target to $19 from $15.