Citizens analyst Greg Miller upgraded Core Scientific (CORZ) to Outperform from Market Perform with a $30 price target. The firm cites the company’s “robust growth prospects” for the upgrade. Core Scientific’s power pipeline provides a solid foundation to secure additional high performance compute lease agreements with new customers beyond CoreWeave (CRWV), the analyst tells investors in a research note. Citizens believes this should allow the company to capture the accelerating demand for HPC infrastructure. Citizens believes the voting down of the CoreWeave takeover “brings a renewed strategic focus that positions CORZ as an undervalued HPC infrastructure provider with significant upside in the rapidly expanding HPC data center industry.”
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CORZ:
- Mixed options sentiment in Core Scientific, Inc with shares down 4.24%
- Crypto Currents: Hut 8 signs $7B AI deal with Anthropic, Fluidstack
- Hut 8 Stock (HUT) Skyrockets 17% after Securing a $7 Billion Google-Backed Mega-Lease for AI
- Down 61% From All Time Highs – Can CoreWeave Stock (CRWV) Rebound in 2026?
- Trump Trade: Office of Personnel Management launching U.S. Tech Force