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. operates as a Bitcoin mining company in the US. The company operates in two segments: Bitcoin Mining and Engineering.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
This article is originally published at Insider Monkey.
