Core Scientific price target raised to $37 from $24 at Jefferies

Jefferies raised the firm’s price target on Core Scientific (CORZ) to $37 from $24 and keeps a Buy rating on the shares. AI data center demand remains strong, with power availability the “binding constraint,” says the analyst, who adds that tenant credit quality, location durability, and development execution will be the differentiating factors among this group. Core Scientific was the first to pivot away from Bitcoin mining and the economics on its CoreWeave (CRWV) leases are the best among the peer group, the analyst tells investors.

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