What Does Wall Street Think About Riot Platforms (RIOT)?

Riot Platforms, Inc. (NASDAQ:RIOT) is one of the best stocks under $20 to buy for the long term. On August 7, Riot Platforms, Inc. (NASDAQ:RIOT) was upgraded by JonesResearch to Buy from Hold with an $18 price target.

Similarly, Brett Knoblauch from Cantor Fitzgerald maintained a Buy rating on Riot Platforms, Inc. (NASDAQ:RIOT) in a report released on August 6, setting a price target of $24.00.

Analysts are thus bullish on the stock, and its median price target of $12.27 implies an upside of 44.66% from current levels.

Riot Platforms, Inc. (NASDAQ:RIOT) is a digital infrastructure and Bitcoin mining company operating in Central Texas, Kentucky, and Colorado.

The company’s primary strategic focus is on building itself as a leading vertically integrated Bitcoin mining company, standing on three pillars of strength: being a low-cost Bitcoin producer, developing and owning operations of significant scale, and building a strong balance sheet.

While we acknowledge the potential of RIOT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.