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Stock impact report

Citizens Upgrades Core Scientific (CORZ) as HPC Growth Outlook Strengthens [Yahoo! Finance]

Core Scientific, Inc. (CORZ) 
Company Research Source: Yahoo! Finance
Firm analysts cite robust HPC growth upside and growth prospects for CORZ. “We are upgrading the shares of Core Scientific to Market Outperform from Market Perform and are establishing a price target of $30 per share, which represents ~19x estimated 2027 EV/EBITDA, reflecting the company's robust growth prospects.” The firm believes that Core Scientific's power pipeline is robust enough to secure additional HPC lease agreements beyond CoreWeave. This will not only allow it to capture the booming demand for HPC infrastructure while competitors struggle with power constraints, but also reinforce its position in the evolving data center landscape. Even though CORZ faced a failed merger with cloud computing firm CoreWeave, analyst Greg Miller is of the view that Core Scientific can secure more favorable contract terms as it deepens its deal making with AI firms and other clients. “We believe deals that have been announced subsequent to the termination of the CoreWeave deal demonst Show less Read more
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