Roth MKM analyst Darren Aftahi maintains $Core Scientific (CORZ.US)$ with a buy rating, and maintains the target price at $25.5.
According to TipRanks data, the analyst has a success rate of 33.0% and a total average return of -9.6% 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 trajectory of bitcoin nearing the $100K mark is noted to have a favorable influence, with the observation that even higher cost producers are still realizing positive mining margins.
Core Scientific, along with its contemporaries in the mining sector, did not meet the anticipated market projections for revenue and adjusted EBITDA in the third quarter, attributed to network difficulty. Nevertheless, the company has recently secured refinancing, which equips it with resources for site enhancement. It is also intent on growing its portfolio by augmenting power at current locations and procuring additional sites, encompassing undeveloped land. The rejuvenation within the sector is acknowledged as the impetus for the elevation of valuation expectations.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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