5 Stocks That Will 10x in 5 Years According to the Analysts

2. Riot Platforms, Inc. (NASDAQ:RIOT)

Number of Hedge Fund Holders: 21

Average Analyst Price Target Upside: 98.04%

Riot Platforms, Inc. (NASDAQ:RIOT), formerly Riot Blockchain, Inc., is a Bitcoin mining company that operates through Bitcoin Mining, Data Center Hosting, and Engineering segments.

On May 1, Riot Platforms, Inc. (NASDAQ:RIOT) reported Q1 earnings with an EPS of $0.82 and the revenue increased by 8.3% year-over-year to $79.3 million.

As of May 10, Riot Platforms, Inc. (NASDAQ:RIOT) has Buy-equivalent ratings among 12 analysts, and its average price target of $18.22 implies an upside of 98.04% from current levels.

In the fourth quarter of 2023, 21 hedge funds held stakes in Riot Platforms, Inc. (NASDAQ:RIOT), with positions worth $130.561 million. As of Q4 of 2023, Marshall Wace LLP is the most significant shareholder in the company. The firm has increased its stake in the company by 74% to 1.98 million shares worth $30.647 million.

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