3 Best Crypto Stocks Analysts See Surging Up to 160%
Using TipRanks’ Stock Comparison Tool, we identified three crypto-related stocks with a “Strong Buy” consensus rating and more than 80% upside potential over the next 12 months.
HIVE Digital (HIVE) offers Bitcoin mining exposure, Bit Digital (BTBT) focuses on Ethereum staking, while Bitdeer Technologies (BTDR) is expanding from Bitcoin mining into AI and high-performance computing (HPC) infrastructure. Together, these companies offer different ways to participate in the industry’s growth, although all three stocks can be highly volatile.
Bit Digital (BTBT) – Bit Digital is a digital asset platform focused on Ethereum (ETH-USD). The company has shifted its focus from Bitcoin mining toward Ethereum staking and other digital-asset infrastructure. Staking means using digital coins to help run and secure a blockchain network, earning rewards in return. Recently, H.C. Wainwright analyst Mike Colonesse assumed coverage of BTBT with a Buy rating and $4 price target, implying nearly 145% upside.
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Over the last three months, all four Wall Street analysts covering BTBT stock have rated it a Strong Buy. Combined, their 12-month average Bit Digital price target indicates an upside of more than 161.5%.
HIVE Digital (HIVE) – HIVE Digital operates renewable energy-powered data centers primarily used for Bitcoin mining. It is also expanding its GPU infrastructure business to serve AI and cloud-computing workloads, giving investors exposure to both the crypto and AI infrastructure markets. Recently, Rosenblatt Securities analyst Chris Brendler reiterated his Buy rating on HIVE, while raising his price target from $5.5 to $6, implying 95.4% upside.
In the last three months, five Wall Street analysts covering HIVE stock rated it a Buy, with one assigning a Hold rating, resulting in a Strong Buy consensus. Their 12-month average HIVE Digital price target indicates an upside of 124%.
Bitdeer Technologies (BTDR) – Bitdeer Technologies is a Bitcoin miner that also develops mining machines and provides infrastructure services to other crypto mining companies. The company recently acquired 200 acres of land in Texas for about $100 million in cash. The property, located near its existing Rockdale facility, will support the company’s plans to expand into AI and HPC infrastructure. After the deal, Bitdeer will have about 255 acres and 742 MW of power capacity in Milam County.
Over the last three months, 10 Wall Street analysts covering BTDR stock have rated it a Buy and one analyst rated it a Hold, resulting in a Strong Buy consensus. Their 12-month average Bitdeer price target indicates an upside of 88.8%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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