Core Scientific (NASDAQ:CORZ – Get Free Report)‘s stock had its “buy” rating restated by investment analysts at BTIG Research in a report issued on Tuesday,Benzinga reports. They presently have a $38.00 price objective on the stock. BTIG Research’s target price would indicate a potential upside of 91.55% from the company’s current price.
Several other brokerages have also commented on CORZ. Keefe, Bruyette & Woods lowered Core Scientific from an “outperform” rating to a “market perform” rating and set a $25.00 price target on the stock. in a research note on Monday. Canaccord Genuity Group set a $30.00 price objective on shares of Core Scientific in a report on Friday, May 8th. B. Riley Financial upped their target price on shares of Core Scientific from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Loop Capital set a $40.00 price target on shares of Core Scientific in a research report on Friday, June 12th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $32.00 price target on shares of Core Scientific in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $30.39.
Check Out Our Latest Stock Report on Core Scientific
Core Scientific Price Performance
Core Scientific (NASDAQ:CORZ – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($1.06) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($1.04). The company had revenue of $115.24 million during the quarter, compared to the consensus estimate of $117.04 million. The business’s revenue for the quarter was up 44.9% compared to the same quarter last year. During the same period last year, the firm earned $1.25 EPS. As a group, equities research analysts expect that Core Scientific will post 0.08 earnings per share for the current year.
Insider Transactions at Core Scientific
In other news, insider Todd M. Duchene sold 10,000 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $22.63, for a total transaction of $226,300.00. Following the sale, the insider owned 2,023,426 shares of the company’s stock, valued at approximately $45,790,130.38. This represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 70,000 shares of company stock worth $1,802,400 in the last 90 days. 1.70% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Situational Awareness LP increased its stake in Core Scientific by 42.5% during the 4th quarter. Situational Awareness LP now owns 28,756,478 shares of the company’s stock worth $418,694,000 after buying an additional 8,575,944 shares during the period. Value Aligned Research Advisors LLC purchased a new position in Core Scientific in the 4th quarter valued at approximately $117,786,000. Vanguard Group Inc. boosted its position in Core Scientific by 18.7% in the 4th quarter. Vanguard Group Inc. now owns 33,960,320 shares of the company’s stock valued at $494,462,000 after buying an additional 5,359,710 shares during the period. Fifth Third Bancorp acquired a new position in shares of Core Scientific in the first quarter worth $59,802,000. Finally, Bank of America Corp DE grew its stake in shares of Core Scientific by 412.5% in the first quarter. Bank of America Corp DE now owns 4,806,363 shares of the company’s stock worth $71,903,000 after acquiring an additional 3,868,535 shares in the last quarter.
Trending Headlines about Core Scientific
Here are the key news stories impacting Core Scientific this week:
- Positive Sentiment: AMD partnership strengthens AI growth outlook: Core Scientific agreed to provide AMD with access to up to 2.5 gigawatts of data-center capacity for AI deployments. The arrangement includes approximately 530 megawatts across five sites under 15-year agreements and could generate more than $14 billion in potential base contracted revenue. The companies will also collaborate on deploying AMD Instinct GPUs, EPYC CPUs and ROCm software. Core Scientific signs AI infrastructure deal with AMD
- Positive Sentiment: Adjusted earnings beat expectations: Zacks reported quarterly earnings of $0.18 per share, versus the consensus estimate of a $0.02 loss. The result also improved from a $0.04 loss per share a year earlier, suggesting better performance on an adjusted basis. Core Scientific surpasses Q2 earnings and revenue estimates
- Neutral Sentiment: Revenue increased: Core Scientific reported second-quarter revenue of $164.2 million. While the figure indicates continued scale, investors may focus more heavily on profitability and the timing of revenue from the new AI capacity agreements. Core Scientific Announces Second Quarter 2026 Results
- Negative Sentiment: Reported earnings were highly volatile: A separate earnings report showed a quarterly loss of $3.32 per share, creating a sharp contrast with the adjusted $0.18-per-share figure and potentially raising concerns about accounting adjustments, costs or non-cash items. Core Scientific quarterly earnings report
- Negative Sentiment: Analyst downgrade adds pressure: Keefe, Bruyette & Woods recently lowered Core Scientific from “outperform” to “market perform,” although it maintained a $25 price target. The downgrade signals reduced near-term conviction despite the target implying potential upside. Analyst rating information
About Core Scientific
Core Scientific, Inc (NASDAQ: CORZ) is a leading provider of large-scale blockchain infrastructure and digital asset mining services. The company develops, owns and operates high-performance data centers optimized for the mining of Bitcoin and other proof-of-work cryptocurrencies. In addition to its core mining operations, Core Scientific offers colocation, hosting and managed services designed to support institutional clients and enterprise users in deploying and scaling blockchain nodes and computing hardware.
Core Scientific’s service portfolio includes hardware procurement, deployment and maintenance, real-time monitoring, power management and network connectivity.
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