BTIG analyst Gregory Lewis maintains $Core Scientific (CORZ.US)$ with a buy rating, and adjusts the target price from $15 to $19.
According to TipRanks data, the analyst has a success rate of 46.2% and a total average return of 2.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Core Scientific (CORZ.US)$'s main analysts recently are as follows:
The positive impact of bitcoin nearing the $100K mark has been noted, with the observation that even higher cost producers are managing to generate profitable mining margins.
Core Scientific, alongside its counterparts Cipher Mining and Riot Platforms, did not meet market projections for revenue and adjusted EBITDA in the third quarter due to network challenges. Nevertheless, recent refinancing efforts have equipped the company with resources for site enhancement and a strategy geared towards growth through increased power at current locations and the procurement of additional sites, including undeveloped land.
Note:
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