As previously reported, Needham analyst John Todaro upgraded Core Scientific (CORZ) to Buy from Hold with a $23 price target The firm believes the stock is currently attractively valued and has near term confidence that an additional lease gets signed. Needham did not expect a lease to be signed at earnings, but maintains its odds of high near-term probability. While the firm understands management missed initial lease timeline guidance, Core Scientific noted it has 500MW under short exclusivity with a large IG counterparty across two sites, which represents potentially more capacity than we initially expected.
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Read More on CORZ:
- Core Scientific upgraded to Buy from Hold at Needham
- Core Scientific price target lowered to $25 from $26 at Cantor Fitzgerald
- Core Scientific price target lowered to $23.75 from $24.50 at Ladenburg
- Core Scientific price target lowered to $25 from $27 at Clear Street
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