3 Strong Buy Crypto Stocks with 100%+ Upside, According to Analysts
Using TipRanks’ Stock Comparison Tool, we identified three crypto-related stocks with a “Strong Buy” consensus rating and more than 100% 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 – Bit Digital is a digital asset platform focused on Ethereum (ETH-USD). The company has shifted its focus from Bitcoin mining to 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 Colonnese assumed coverage of BTBT with a Buy rating and $4 price target, implying 179.7% upside.
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Over the last three months, all four Wall Street analysts covering BTBT stock have rated it a Strong Buy. Their 12-month average Bit Digital price target indicates an upside of more than 197.2%.
HIVE Digital – HIVE Digital operates renewable energy-powered data centers primarily focused on Bitcoin mining. The company is also expanding its GPU infrastructure business to support AI and cloud-computing workloads, providing exposure to both the cryptocurrency 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 106.9% 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 135.6%.
Bitdeer Technologies– Bitdeer Technologies is a Bitcoin mining company that also develops mining machines and provides infrastructure services to other cryptocurrency mining businesses. 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 nearly 104%.
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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