Citi Bullish on Riot Platforms (RIOT) Despite Slowing Legislative Momentum Behind CLARITY Act

Riot Platforms, Inc. (NASDAQ:RIOT) earns a spot on our list of the 7 best blockchain stocks to buy right now.

Citi Bullish on Riot Platforms (RIOT) Despite Slowing Legislative Momentum Behind CLARITY Act

As of March 30, 2026, all covering analysts hold “Buy” ratings for Riot Platforms, Inc. (NASDAQ:RIOT), reflecting broader analyst bullishness. Meanwhile, a 114.26% upside potential is implied by the consensus price target of $26.00.

On March 18, 2026, Citi maintained the “Buy” rating on Riot Platforms, Inc. (NASDAQ:RIOT) but lowered its price target from $23 to $21. After reducing its base-case bitcoin forecast to $112,000 from $143,000, the firm noted that the legislative momentum behind the CLARITY Act appeared to have slowed. Furthermore, the investment firm lowered its forecasts across digital asset stocks.

Previously, on March 2, 2026, Riot Platforms, Inc. (NASDAQ:RIOT) revealed record full-year 2025 revenue of $647.40 million, which was up from $376.70 million in 2024. This increase was mostly due to a rise in bitcoin mining revenue from $321.00 million to $576.30 million. Accordingly, gross profit reached $302.00 million, with engineering revenue growing from $38.50 million to $64.70 million. Riot said its initial AMD leasing arrangement began generating revenue in January 2026, while creating 5,686 bitcoin. The company finished the year with nearly $1.90 billion in liquidity.

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 risk and potential of RIOT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than RIOT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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