12 Best Upside Stocks to Buy Now

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6. Riot Platforms Inc. (NASDAQ:RIOT)

Number of Hedge Fund Holders: 57

Average Upside Potential as of November 27: 83.82%

Riot Platforms Inc. (NASDAQ:RIOT) is one of the best upside stocks to buy now. On November 24, JPMorgan lowered the firm’s price target on Riot Platforms to $17 from $19 and kept an Overweight rating on the shares. This price cut sentiment was posted as JPMorgan cited lower bitcoin prices and a higher share count.

Earlier in its Q3 2025 financial results, Riot Platforms reported a total revenue of $180.2 million, which was an 18% increase from the previous quarter. However, net income for Q3 decreased substantially to $104.5 million from $219.5 million in the prior quarter.

Additionally, the company’s Bitcoin production slightly declined quarter-over-quarter. This was due to an 8% growth in the global hash rate, which outpaced Riot’s own 3% growth in hash rate deployment. The company faces a constrained power environment, which could potentially impact future expansion and development timelines.

Riot Platforms Inc. (NASDAQ:RIOT) operates as a Bitcoin mining company in the US. The company operates in two segments: Bitcoin Mining and Engineering.

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