Here is Why Core Scientific Inc. (CORZ) is Strongly Favored by Analysts

Group 1 - Core Scientific Inc. (NASDAQ:CORZ) is viewed positively by hedge funds, with 12 out of 13 analysts rating it as a Buy and 1 as a Hold, indicating a bullish market sentiment [1] - The median 1-year price target for Core Scientific is projected at $28.27, suggesting a potential upside of 81.6% from current levels [1] - Analyst Gregory Miller upgraded Core Scientific's rating to Buy with a target price of $30, indicating an upside potential of approximately 93% [2] Group 2 - Core Scientific is transitioning towards AI-enabled data centers to diversify income streams amid the volatility of crypto markets, seeking partnerships with large AI businesses for quicker access to data centers [3] - The company utilizes high-density computing solutions for large-scale bitcoin mining and offers hosting services for third-party clients, while focusing on AI-based revenue streams through competitive pricing [4]