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. (NASDAQ:RIOT) operates as a Bitcoin mining company in the US. The company operates in two segments: Bitcoin Mining and Engineering.

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.

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