Core Scientific Just Got a New Street-High Price Target. Should You Buy CORZ Stock Here?

Core Viewpoint - Core Scientific (CORZ) is transitioning from crypto mining to artificial intelligence (AI) operations, leading to a significant increase in stock value and interest from potential acquirers like CoreWeave (CRWV) [1][2] Company Developments - CoreWeave previously offered $9 billion for Core Scientific, but shareholders believe the company's value will increase further if they hold out [2][4] - Core Scientific's stock has risen 152% over the past six months, despite a recent minor decline of nearly 5% [2] - The company has a current market capitalization of $7.1 billion, which is below the acquisition offer from CoreWeave, indicating shareholder confidence in future growth [4] Analyst Insights - Analysts have raised their price targets for CORZ stock significantly, with Cantor Fitzgerald setting a target of $26, Macquarie at $34, B. Riley at $30 (up from $17), Bernstein at $24 (up from $17), and Roth Capital at a new high of $40 [3] Future Potential - Core Scientific is positioned to benefit from the AI buildout, with expectations of signing more contracts as hyperscalers increase their data center investments [5] - The company has an active contract with CoreWeave worth $8.7 billion over 12 years, including a $1.2 billion expansion announced in February [6] - Analysts predict positive earnings per share (EPS) starting in 2026, with revenue growth projected at 113%, reaching $801.2 million [6] Investment Outlook - The outlook for Core Scientific appears positive, with the potential for securing more multi-billion-dollar partnerships and a strong contracted capacity that supports further upside for shareholders and analysts [7]