Analysts Upgrade Core Scientific to Buy with $23 Price Target
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 06 2026
0mins
Should l Buy CORZ?
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
15 Analyst Rating
14 Buy
1 Hold
0 Sell
Strong Buy
Current: 16.490
Low
19.94
Averages
27.46
High
40.00
Current: 16.490
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.
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- Raising Funds: It highlights the importance of raising funds to support these scientific endeavors and the potential impact on future research.
- Buying from Hold: The piece suggests a strategic shift in investment, recommending a move from a "hold" position to actively buying into promising scientific ventures.
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Retail Sentiment: Retail sentiment around Circle and Core Scientific stocks showed bullish trends, with increased chatter and improved sentiment levels, despite some caution regarding future price movements.
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- Bitcoin Holdings Reduction: As of Tuesday, Core Scientific holds fewer than 1,000 BTC and plans to sell the remainder in Q1 2026 to enhance liquidity and support its AI expansion efforts.
- Strong Financial Performance: The company reported a $175 million revenue from selling 1,900 BTC in Q4, demonstrating its active trading capabilities in the Bitcoin market.
- Liquidity Management Strategy: The CFO indicated that 2025 will be a transitional year, with plans to raise $4 billion in loans against contracts with CoreWeave to ensure funding for AI infrastructure investments.
- Power Capacity Expansion: Core Scientific has energized approximately 350 megawatts of capacity, with nearly 200 megawatts currently billing, indicating significant progress in expanding its colocation business.
See More
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- Harrow Options Activity: Harrow Inc experienced options trading volume of 6,623 contracts, equivalent to about 662,300 shares, which is approximately 116.9% of its average daily trading volume over the past month, indicating increased activity and potential investor interest in the stock.
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See More
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- Earnings Miss: Core Scientific reported a fourth-quarter adjusted loss of $0.29, significantly missing the consensus estimate of $0.18, with quarterly sales dropping from $94.9 million to $79.76 million, failing to meet the expected $105.71 million, highlighting the company's struggles in the current market environment.
- Colocation Revenue Growth: Colocation revenue surged to $31.3 million, up from $8.5 million a year ago, reflecting the company's successful expansion of its colocation operations, providing a new revenue stream despite the overall sales decline.
- Decline in Bitcoin Mining Revenue: Digital asset self-mining revenue fell to $42.2 million from $79.9 million, primarily due to a 57% decrease in bitcoin mined, although a 20% increase in average bitcoin price partially offset the sales decline, indicating the impact of market volatility on revenue.
- Analyst Rating Changes: Cantor analyst reiterated an Overweight rating on Core Scientific but lowered the price target from $26 to $25, reflecting a reassessment of the value of its bitcoin mining business, while HC Wainwright maintained a Buy rating, anticipating that colocation will become the primary revenue source moving forward.
See More
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- Core Scientific Needs: The article discusses the essential scientific requirements that need to be addressed for advancements in various fields.
- Raising Funds: It highlights the importance of raising funds to support these scientific endeavors and the potential impact on future research.
- Buying from Hold: The piece suggests a strategic shift in investment, recommending a move from a "hold" position to actively buying into promising scientific ventures.
- Future Implications: The discussion emphasizes the long-term benefits of investing in scientific research and its implications for innovation and technology.
See More
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Cryptocurrency Trends: Bitcoin prices climbed amid U.S.-Iran tensions, reaching around $70,000, with digital asset treasury firms announcing significant crypto purchases.
Retail Sentiment: Retail sentiment around Circle and Core Scientific stocks showed bullish trends, with increased chatter and improved sentiment levels, despite some caution regarding future price movements.
Earnings Reports: Core Scientific and Riot Platforms both reported losses that exceeded analyst expectations, leading to fluctuations in their stock prices and overall market sentiment in the cryptocurrency sector.
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