Core Scientific (NASDAQ:CORZ) Price Target Raised to $25.00

Core Scientific (NASDAQ:CORZ) had its price objective increased by Keefe, Bruyette & Woods from $19.00 to $25.00 in a research note released on Tuesday, MarketBeat.com reports. They currently have a moderate buy rating on the stock.

A number of other analysts have also commented on CORZ. Cantor Fitzgerald increased their price objective on Core Scientific from $18.00 to $26.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. HC Wainwright raised Core Scientific from a “neutral” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Tuesday, October 28th. Citigroup upgraded Core Scientific from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 18th. Sanford C. Bernstein lifted their price objective on shares of Core Scientific from $17.00 to $24.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. Finally, Macquarie upgraded shares of Core Scientific from a “hold” rating to an “outperform” rating and upped their target price for the stock from $18.00 to $34.00 in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Core Scientific presently has an average rating of “Moderate Buy” and an average price target of $23.69.

Core Scientific Price Performance

Shares of NASDAQ CORZ opened at $18.84 on Tuesday. The company has a 50-day moving average price of $16.70 and a 200-day moving average price of $16.35. The stock has a market capitalization of $5.84 billion, a P/E ratio of 125.61 and a beta of 6.87. Core Scientific has a 1 year low of $6.20 and a 1 year high of $23.63.

Insider Activity at Core Scientific

In related news, Director Eric Stanton Weiss purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were bought at an average price of $21.50 per share, with a total value of $107,500.00. Following the acquisition, the director owned 226,687 shares of the company’s stock, valued at $4,873,770.50. This trade represents a 2.26% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.40% of the company’s stock.

Institutional Trading of Core Scientific

A number of large investors have recently bought and sold shares of the company. Allworth Financial LP lifted its position in shares of Core Scientific by 206.5% during the 3rd quarter. Allworth Financial LP now owns 1,410 shares of the company’s stock valued at $25,000 after buying an additional 950 shares during the last quarter. HHM Wealth Advisors LLC raised its stake in Core Scientific by 96.5% in the 2nd quarter. HHM Wealth Advisors LLC now owns 1,926 shares of the company’s stock valued at $33,000 after acquiring an additional 946 shares during the period. Osaic Holdings Inc. lifted its holdings in Core Scientific by 112.1% during the second quarter. Osaic Holdings Inc. now owns 2,017 shares of the company’s stock valued at $34,000 after purchasing an additional 1,066 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Core Scientific by 68.3% during the second quarter. Advisors Asset Management Inc. now owns 2,690 shares of the company’s stock worth $46,000 after purchasing an additional 1,092 shares during the period. Finally, Bernard Wealth Management Corp. purchased a new position in shares of Core Scientific in the second quarter worth about $51,000.

Core Scientific Company Profile

Core Scientific, Inc (NASDAQ: CORZ) is a leading provider of large-scale blockchain infrastructure and digital asset mining services. The company develops, owns and operates high-performance data centers optimized for the mining of Bitcoin and other proof-of-work cryptocurrencies. In addition to its core mining operations, Core Scientific offers colocation, hosting and managed services designed to support institutional clients and enterprise users in deploying and scaling blockchain nodes and computing hardware.

Core Scientific’s service portfolio includes hardware procurement, deployment and maintenance, real-time monitoring, power management and network connectivity.