Keefe Bruyette raised the firm’s price target on Core Scientific (CORZ) 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.
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