9 Best Blockchain Infrastructure Stocks According to Analysts

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

Riot Platforms, Inc. (NASDAQ:RIOT) is one of the stocks on our list of the best blockchain infrastructure stocks according to analysts.

Riot Platforms, Inc. (NASDAQ:RIOT) boasts bullish analyst sentiment as of March 17, 2026, with all covering analysts maintaining “Buy” ratings on the stock. The stock’s upside remains healthy as well, with the $26 consensus price target implying over 75% upside potential. The company is marking a strategic shift toward high-performance computing infrastructure, which is earning analysts’ confidence in its longer-term growth outlook.

However, analyst sentiment at Needham was influenced by the company’s full-year results.

Analysts cited weaker-than-expected top and bottom line performance amid ongoing weakness in mining. The sluggish performance was also driven by higher-than-expected expenses, including SG&A. The firm’s analysts trimmed 2026 mining estimates to incorporate a lower Bitcoin price forecast for 2026. Accordingly, Needham cut its price target on the stock from $30 to $24, while reiterating a “Buy” rating.

For the full year 2025, Riot Platforms, Inc. (NASDAQ:RIOT)’s revenue rose from $376.70 million in 2024 to $647.40 million. The top-line performance was driven by the $576.30 million Bitcoin mining revenue. Despite positive revenue growth, the company reported a GAAP net loss of $663.20 million and a non-GAAP adjusted EBITDA of $13.00 million.

Riot Platforms, Inc. (NASDAQ:RIOT), a Bitcoin mining company, operates large-scale mining facilities and designs power distribution and electrical systems through its Engineering segments.

While we acknowledge the potential of RIOT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RIOT and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Best Blockchain Infrastructure Stocks According to Analysts.

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