Core Scientific's Price Target Raised Amid Market Sentiment Shift
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5d ago
0mins
Should l Buy CORZ?
Source: Fool
Core Scientific Inc's stock rose by 12.05% as it crossed above the 5-day SMA, reflecting a positive shift in market sentiment.
The company's momentum score increased significantly, from 78.59 to 87.83, indicating improved investor confidence. Additionally, Keefe, Bruyette & Woods raised the price target from $19 to $25, reflecting optimism about Core Scientific's strategic pivot from Bitcoin mining to high-performance computing leasing. This transition is expected to enhance future revenue potential and attract more partners.
Despite recent operational challenges, including a decline in Bitcoin mined and a drop in Q3 revenue, the stock's performance shows resilience. The positive analyst outlook and strategic transformation efforts may position Core Scientific for future growth.
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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: 16.810
Low
19.94
Averages
27.46
High
40.00
Current: 16.810
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.
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- Capital Strategy: CoreWeave secured additional financing by leveraging GPUs as collateral and invested $100 million in Nvidia's H100 data center GPUs in 2022, further driving its infrastructure expansion.
- Optimistic Future Outlook: Despite risks from a 70% revenue dependency on Microsoft and potential debt increases, analysts expect its market cap to double to $98 billion by 2027, reflecting confidence in its long-term growth trajectory.
See More
Pier Capital Fully Exits Core Scientific Holdings
- Share Sale Overview: Pier Capital sold all 504,958 shares of Core Scientific in Q4 for approximately $9.06 million, indicating a risk-averse strategy towards the company amid declining performance.
- Declining Financial Performance: Core Scientific's Q3 revenue fell from $95.4 million to $81.1 million, primarily due to a 55% year-over-year drop in Bitcoin mined, negatively impacting profitability and highlighting operational challenges.
- Capital Expenditures and Liquidity: While capital expenditures reached $244.5 million for infrastructure buildouts, liquidity remains substantial at around $695 million; however, adjusted EBITDA showed a loss of $2.4 million, reflecting financial strain during the transition.
- Strategic Transformation Challenges: Core Scientific is pivoting from volatile self-mining to high-density colocation services, with future success hinging on executing this capital-intensive transformation rather than relying solely on cryptocurrency price fluctuations.
See More
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- Price Range Analysis: CORZ's 52-week low is $6.20 per share, while the high is $23.63, with the last trade at $14.81, indicating significant volatility over the past year that may influence investor decisions.
- Market Trend Insight: The current stock price is at 62.6% of the 52-week high, suggesting that despite a recent decline, there remains potential for recovery, which could attract investors looking for rebound opportunities.
- Technical Indicator Alert: CORZ's stock price has fallen below its 200-day moving average, typically viewed as a technical sell signal, potentially leading to further downward pressure in the short term, necessitating careful risk assessment by investors.
- Investor Sentiment Impact: Although the current stock price is below the 200-day moving average, market sentiment may be influenced by the broader economic environment and industry dynamics, prompting investors to stay informed on relevant market news for informed decision-making.
See More
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See More
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- Price Target Increase: Keefe, Bruyette & Woods raised Core Scientific's price target from $19 to $25, signaling analysts' optimism regarding the company's strategic pivot from Bitcoin mining to high-performance computing leasing.
- Strategic Transformation: The company is transitioning its power infrastructure from cryptocurrency mining to AI-focused HPC hosting, which is expected to attract more partners and enhance future revenue potential.
- Stock Performance: As of 2026, Core Scientific's stock has risen by 12.51%, with a 31.79% increase over the past six months, demonstrating strong market performance despite a recent 4.51% drop in share price.
See More
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- NYSE Tokenized Securities Platform: The New York Stock Exchange announced the development of a tokenized securities trading platform aimed at enabling 24/7 trading and instant settlement, intending to modernize market infrastructure by integrating blockchain technology with traditional securities trading.
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