Core Scientific (NASDAQ:CORZ) Trading Down 8.1% Following Analyst Downgrade

Posted by on Jul 27th, 2026

Core Scientific, Inc. (NASDAQ:CORZ – Get Free Report)’s share price traded down 8.1% during trading on Monday after Keefe, Bruyette & Woods downgraded the stock from an outperform rating to a market perform rating. Keefe, Bruyette & Woods now has a $25.00 price target on the stock. Core Scientific traded as low as $21.41 and last traded at $20.9080. 1,776,641 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 12,433,539 shares. The stock had previously closed at $22.75.

Several other research firms also recently commented on CORZ. Loop Capital set a $40.00 price objective on shares of Core Scientific in a research note on Friday, June 12th. Jefferies Financial Group lifted their target price on shares of Core Scientific from $24.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, May 14th. B. Riley Financial raised their price objective on Core Scientific from $30.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Needham & Company LLC boosted their target price on shares of Core Scientific from $23.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Core Scientific in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $30.39.

View Our Latest Research Report on Core Scientific

Insider Activity at Core Scientific

In other news, insider Todd M. Duchene sold 10,000 shares of Core Scientific stock in a transaction that occurred on 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. The trade was a 0.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders have sold 70,000 shares of company stock worth $1,802,400. 1.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Core Scientific

A number of institutional investors have recently made changes to their positions in CORZ. Vanguard Group Inc. lifted its holdings in shares of Core Scientific by 18.7% in the 4th quarter. Vanguard Group Inc. now owns 33,960,320 shares of the company’s stock worth $494,462,000 after acquiring an additional 5,359,710 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Core Scientific in the fourth quarter valued at $1,252,000. Nations Financial Group Inc. IA ADV acquired a new stake in shares of Core Scientific in the fourth quarter valued at $2,980,000. Jennison Associates LLC purchased a new stake in shares of Core Scientific in the 4th quarter valued at $14,075,000. Finally, Oasis Management Co Ltd. purchased a new stake in shares of Core Scientific in the 4th quarter valued at $38,493,000.

Core Scientific Stock Performance

The company has a 50 day moving average of $25.42 and a 200-day moving average of $20.71. The stock has a market cap of $6.66 billion, a price-to-earnings ratio of -18.84 and a beta of 5.50.

Core Scientific (NASDAQ:CORZ – Get Free Report) last released its earnings results 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 business had revenue of $115.24 million during the quarter, compared to the consensus estimate of $117.04 million. Core Scientific’s quarterly revenue was up 44.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.25 earnings per share. On average, research analysts anticipate that Core Scientific, Inc. will post 0.08 EPS for the current year.

About Core Scientific

(Get Free Report)

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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