Core Scientific (NASDAQ:CORZ) Price Target Raised to $19.00 at Macquarie

Core Scientific (NASDAQ:CORZ) had its target price hoisted by Macquarie from $16.00 to $19.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other research firms have also issued reports on CORZ. Cantor Fitzgerald restated an “overweight” rating and set a $20.00 target price on shares of Core Scientific in a research report on Thursday, October 3rd. Compass Point boosted their price objective on shares of Core Scientific from $18.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Jefferies Financial Group began coverage on shares of Core Scientific in a report on Monday, October 28th. They issued a “buy” rating and a $19.00 target price on the stock. HC Wainwright boosted their price target on shares of Core Scientific from $15.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Core Scientific in a research note on Tuesday, September 10th. Thirteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $18.38.

Core Scientific Stock Up 2.5 %

NASDAQ:CORZ opened at $15.83 on Thursday. Core Scientific has a 12-month low of $2.61 and a 12-month high of $18.03. The stock’s fifty day simple moving average is $12.99 and its 200-day simple moving average is $9.89. The firm has a market capitalization of $4.42 billion and a P/E ratio of -2.93.

Insider Activity at Core Scientific

In other Core Scientific news, Director Jarrod M. Patten purchased 4,000 shares of the stock in a transaction on Wednesday, August 28th. The shares were purchased at an average cost of $9.70 per share, for a total transaction of $38,800.00. Following the purchase, the director now owns 279,239 shares of the company’s stock, valued at approximately $2,708,618.30. This represents a 1.45 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders have bought 12,761 shares of company stock valued at $127,080. 32.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Core Scientific

Several hedge funds have recently modified their holdings of CORZ. Blair William & Co. IL acquired a new position in Core Scientific during the first quarter valued at approximately $1,156,000. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Core Scientific in the 1st quarter valued at approximately $122,000. Vanguard Group Inc. bought a new position in shares of Core Scientific in the first quarter valued at $21,973,000. Vident Advisory LLC acquired a new position in Core Scientific during the first quarter worth $4,047,000. Finally, Anson Funds Management LP bought a new stake in Core Scientific during the first quarter worth $1,000,000.

Core Scientific Company Profile

Core Scientific, Inc provides digital asset mining services in North America. It operates through two segments, Mining and Hosting. The company offers blockchain infrastructure, software solutions, and services; and operates data center mining facilities. It also mines digital assets for its own account; and provides hosting services for other large bitcoin miners, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers' digital asset mining equipment.