Core Scientific Upgraded by BTIG, Stock Surges 26.4%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 16 Jan 26
Source: Benzinga
Core Scientific Inc's stock has surged by 4.59% today, reaching a 20-day high, reflecting a positive market response.
The significant price increase follows an upgrade from BTIG, which raised its rating from Neutral to Buy with a price target of $23, indicating a strong recovery in investor sentiment after previous uncertainties. The upgrade is based on expectations of robust growth in 2026, supported by the company's transition from crypto mining to high-performance computing.
This upgrade has restored investor confidence, and the stock's performance over the past six months shows a 26.40% increase, suggesting a positive outlook for Core Scientific as it capitalizes on new opportunities in the HPC sector.
Analyst Views on CORZ
Wall Street analysts forecast CORZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CORZ is 27.46 USD with a low forecast of 19.94 USD and a high forecast of 40.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
14 Buy
1 Hold
0 Sell
Strong Buy
Current: 19.490
Low
19.94
Averages
27.46
High
40.00
Current: 19.490
Low
19.94
Averages
27.46
High
40.00
About CORZ
Core Scientific, Inc. provides digital infrastructure for high-density colocation services and digital asset mining. The Company operates dedicated, purpose-built facilities for digital asset mining and is a provider of digital infrastructure, software solutions and services to its third-party customers. Its Digital Asset Self-Mining segment consists of digital asset mining for its own account. Its Digital Asset Hosted Mining segment consists of its digital infrastructure and third-party hosting services for digital asset mining. Its Colocation segment consists of providing high-density colocation services to third parties for graphics processing units (GPU)-based high-performance computing (HPC) operations. It employs its own large fleet of computers (miners) to earn digital assets for its own account and to provide hosting services for large digital asset-mining customers, and it is in the process of allocating and converting a significant portion of its 10 facilities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
