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Stock impact report

Wall Street Sees More Than 69% Upside for Core Scientific Inc. (CORZ) [Yahoo! Finance]

Core Scientific, Inc. (CORZ) 
Company Research Source: Yahoo! Finance
However, Wall Street maintains a positive outlook on the stock with analysts' 12 month price target suggesting more than 69% upside from the current level. Recently, on December 18, Gregory P Miller from Citizens JMP upgraded the stock from Hold to Buy, while keeping the price target the same at $30. Earlier on December 1, Gautam Chhugani from Bernstein reiterated a Buy rating on the stock with a price target of $24. The analyst from Citizens noted that the improved outlook is based on the company's robust growth prospects. He highlighted that the price target of $30 reflects roughly 9 times the company's estimated 2027 EV/EBITDA ratio. He added that the strong pipeline of Core Scientific Inc. (NASDAQ:CORZ) provides it with a solid foundation to improve its HPC segment by securing more agreements. In addition, Miller also highlighted that the company is strategically placed to capture the accelerating demand for HPC infrastructure in a market characterized by immense power const Show less Read more
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