Analysts Upgrade Core Scientific to Buy with $23 Price Target
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 06 2026
0mins
Source: Benzinga
- Rating Upgrade: BTIG analyst Gregory Lewis upgraded Core Scientific Inc (NASDAQ:CORZ) from Neutral to Buy with a price target of $23, reflecting confidence in the company's future growth potential.
- Market Performance: Core Scientific shares closed at $16.73 on Monday, indicating a potential upside of 37.5% to the analyst's target price, which may attract more investor interest in the stock.
- Industry Trends: This rating change aligns with market expectations of a rebound in blockchain and cryptocurrency mining demand, indicating analysts' optimism about the industry's recovery.
- Investor Confidence: The positive rating from analysts could enhance investor confidence in Core Scientific, potentially driving the stock price up and improving the company's financing environment.
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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: 19.940
Low
19.94
Averages
27.46
High
40.00
Current: 19.940
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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