Core Scientific Signals Market Sentiment Reversal

Written by Emily J. Thompson, Senior Investment Analyst

Source: Benzinga

Updated: 6d ago

0mins

CORZ+13.47%

CRWV+20.5%

Should l Buy CORZ?

Source: Benzinga

Market Sentiment Shift: Core Scientific's momentum score surged from 78.59 to 87.83, indicating a significant improvement in market sentiment and reflecting increased investor confidence in the company's future prospects.
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.

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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: 14.815

Low

19.94

Averages

27.46

High

40.00

Current: 14.815

Low

19.94

Averages

27.46

High

40.00

Keefe Bruyette

Outperform

maintain

$19 -> $25

2026-01-26

Reason

Keefe Bruyette

Price Target

$19 -> $25

AI Analysis

2026-01-26

maintain

Outperform

Reason

Keefe Bruyette raised the firm's price target on Core Scientific to $25 from $19 and keeps an Outperform rating on the shares. The firm updated the company's model ahead of the Q4 report. Core Scientific is "executing a full pivot" from bitcoin mining to high performance compute leasing, yet the shares are valued largely on the existing CoreWeave leases, the analyst tells investors in a research note. Keefe sees an attractive setup for the shares ahead of expected pipeline updates and new deals from Core Scientific.

BTIG

Gregory Lewis

Neutral -> Buy

upgrade

$23

2026-01-06

Reason

BTIG

Gregory Lewis

Price Target

$23

2026-01-06

upgrade

Neutral -> Buy

Reason

BTIG analyst Gregory Lewis upgraded Core Scientific (CORZ) to Buy from Neutral with a $23 price target. The firm says the "dust settled" following Core Scientific's shareholder rejection of its merger with CoreWeave (CRWV). Core Scientific has been one of the worst performing stocks that have a signed contract to convert at least some power infrastructure away from crypto mining to high performance compute, the analyst tells investors in a research note. BTIG expects the company to "hit the ground running" in 2026, securing additional HPC colocation contracts, saying power infrastructure for compute remains strong.

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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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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.

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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.

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