Core Scientific price target lowered to $25 from $26 at Cantor Fitzgerald

Cantor Fitzgerald lowered the firm’s price target on Core Scientific (CORZ) to $25 from $26 and keeps an Overweight rating on the shares. While near-term results reflect both the company’s Bitcoin mining economics and the ongoing ramp of its AI infrastructure for CoreWeave (CRWV), attention should be focused on the pace of MW energization for CoreWeave, which is ahead of schedule, additional customer announcements, and power pipeline expansion, the analyst tells investors in a research note.

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