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Core Scientific price target raised to $33 from $23 at BTIG

BTIG analyst Gregory Lewis raised the firm’s price target on Core Scientific (CORZ) to $33 from $23 and keeps a Buy rating on the shares. The company continues to make progress in building out its power portfolio, the analyst tells investors in a research note. The firm says Core has added 1.2GW of approved power capacity this year, which should translate into incremental high performance compute contracts.

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