Riot Platforms Inc. (NASDAQ:RIOT) is one of the best bitcoin mining stocks to buy according to Hedge Funds.
Despite a major dip since late October, Riot Platforms Inc. is up by more than 36% in 2025. Despite that, the broader analyst coverage estimates a 95% upside for the stock from the current level, with a consensus 1-year median price target of $27.19. The stock has received coverage from 16 analysts, with 100% Buy ratings as of December 24 closing.
On December 22, Citi analyst Peter Christiansen reiterated his Buy rating for Riot Platforms Inc.. Although the analyst has lowered his price target on the stock from $28 to $23, he remains bullish. With Christiansen’s revised price target, the stock now has an upside potential of more than 65%.
Despite his downward revision of the target price, Christiansen has a positive sector outlook for the coming year, which will provide support to the stock. The analyst believes that legislative reforms relating to AI infrastructure data centers will prove to be a major catalyst for Riot Platforms Inc..
Riot Platforms Inc. is a provider of large-scale digital infrastructure and data centers, with a primary focus on bitcoin mining. The company deploys a vertically integrated strategy to cater to the growing requirements for high-density computing. They operate bitcoin mining, engineering and fabrication facilities across the United States.
READ NEXT: 15 Most Promising Mid-Cap Healthcare Stocks Under $50 and 11 Most Promising Small-Cap Industrial Stocks Under $50.
This article is originally published at Insider Monkey.
