#4 - Riot Platforms (NASDAQ:RIOT)
Bitcoin's strong 2004 helps explain why Riot Platforms Inc. (NASDAQ: RIOT) cracks the list of the top trending small-cap stocks on Robinhood. The company aspires to be North America’s leading provider of Bitcoin mining services through one of the world’s largest Bitcoin mining fleets.
And, like Bitcoin itself, RIOT stock is full of volatility. For most of 2024, that put pressure on the stock price. But the stock has been surging since the election of Donald Trump, the nation’s first pro-crypto presidency.
Despite the recent 57% run-up in RIOT stock, analysts still project an additional 20% upside in the next year. This bullish sentiment stems partly from the company’s forecasted revenue growth of 113% year-over-year to $782.5 million, even as Bitcoin mining costs rise alongside the asset's value.
About Riot Platforms
Riot Platforms, Inc, together with its subsidiaries, operates as a bitcoin mining company in North America. The company operates through three segments: Bitcoin Mining, Data Center Hosting, and Engineering. It also provides co-location services for institutional-scale bitcoin mining companies; critical infrastructure and workforce for institutional-scale miners to deploy and operate their miners; operation of data centers; and maintenance/management of computing capacity.
Read More - Current Price
- $12.02
- Consensus Rating
- Buy
- Ratings Breakdown
- 12 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $17.05 (41.8% Upside)
