The cryptocurrency sector has entered the mainstream financing sector at a faster pace than expected. Although there is no single, unified law regulating cryptocurrencies, both investors and companies are making big bets on the sector’s growth potential. Retail investors can also take advantage of the potential boom in the sector by investing in companies that mine digital assets or simply buy them and bulk up their treasuries.
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Using TipRanks’ Stock Comparison Tool for Best Cryptocurrency Stocks, we have identified three stocks with Strong Buy ratings from analysts.
Here are this week’s stocks:
Riot Platforms (RIOT) – Riot Platforms is an American Bitcoin mining company, focused on expanding its operations by consistently increasing its Bitcoin mining hash rate and infrastructure capacity. In the last three months, all 10 Wall Street analysts covering RIOT stock have rated it a Strong Buy, with their 12-month average Riot Platforms price target indicating an upside of about 46.4%. RIOT stock is up 2.4% year-to-date.
Strategy (MSTR) – Strategy is a software platform, providing business intelligence, mobile software, and cloud-based services. Strategy’s business strategy involves buying and holding bitcoin for the long term. In the last three months, 12 Wall Street analysts covering MSTR stock rated it a Buy, while one analyst rated the stock a Sell. Their 12-month average Strategy price target indicates an upside of about 34.2%. MSTR stock is up 35.1% year-to-date.
Nvidia (NVDA) – Nvidia is a semiconductor giant, whose GPUs (Graphic Processing Units) are used worldwide for training artificial intelligence (AI) models and for crypto mining. In the last three months, 35 Wall Street analysts covering NVDA stock rated it a Buy, while four analysts rated the stock a Hold, and one rated it a Sell. Their 12-month average Nvidia price target indicates an upside of about 19.8%. NVDA stock is up 7.1% year-to-date.
View real-time prices of various cryptocurrencies, discover the latest happenings in the sector, and research crypto-related stocks on the TipRanks’ Cryptocurrency page.
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