Core Scientific(US:CORZ) Benzinga·2026-01-12 12:15Group 1 - Core Scientific Inc. has experienced a significant shift in market sentiment, indicated by bullish technical signals following an upgrade from BTIG [1] - The stock's momentum score surged from a bearish 16.34 to a bullish 81.98, reflecting a positive change in market perception after the uncertainty surrounding its rejected merger with CoreWeave Inc. cleared [2] - Momentum is defined as a measure of a stock's relative strength based on price movement patterns and volatility, with Core Scientific showing positive indicators across various time horizons [3] Group 2 - BTIG analyst Gregory Lewis upgraded Core Scientific from Neutral to Buy with a price target of $23, noting that the "dust settled" after the merger rejection [5] - The company is expected to capitalize on its strong power infrastructure for high-performance computing (HPC) as it secures additional colocation contracts, with expectations of strong performance starting in 2026 [6] - Core Scientific's shares have gained 26.40% in the last six months and 26.03% over the past year, closing at $17.14, with a slight decrease in premarket trading [7]