Core Scientific (NASDAQ:CORZ) Price Target Raised to $14.00 at B. Riley

Core Scientific (NASDAQ:CORZ) had its price objective upped by B. Riley from $13.00 to $14.00 in a research report released on Friday morning, Benzinga reports. B. Riley currently has a buy rating on the stock. B. Riley also issued estimates for Core Scientific’s FY2026 earnings at $0.22 EPS.

Several other research firms also recently weighed in on CORZ. LADENBURG THALM/SH SH restated a buy rating and issued a $14.50 price objective on shares of Core Scientific in a report on Tuesday, July 2nd. Needham & Company LLC began coverage on shares of Core Scientific in a research report on Wednesday, September 4th. They issued a buy rating and a $16.00 price target for the company. BTIG Research boosted their price objective on shares of Core Scientific from $10.00 to $15.00 and gave the stock a buy rating in a research note on Wednesday, June 26th. Canaccord Genuity Group assumed coverage on Core Scientific in a research report on Monday, September 23rd. They set a buy rating and a $16.00 target price on the stock. Finally, HC Wainwright boosted their price target on Core Scientific from $11.00 to $15.00 and gave the stock a buy rating in a research report on Wednesday, July 10th. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of Buy and an average price target of $15.27.

Core Scientific Stock Performance

Core Scientific stock opened at $13.22 on Friday. Core Scientific has a 12-month low of $2.61 and a 12-month high of $13.29. The firm has a 50-day moving average price of $10.72 and a 200-day moving average price of $7.87.

Core Scientific (NASDAQ:CORZ) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($4.51) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($4.47). The firm had revenue of $141.10 million during the quarter, compared to analysts’ expectations of $128.58 million. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. As a group, analysts predict that Core Scientific will post 0.01 earnings per share for the current fiscal year.

Insider Activity at Core Scientific

In other Core Scientific news, Director Jarrod M. Patten acquired 4,000 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was acquired at an average cost of $9.70 per share, for a total transaction of $38,800.00. Following the completion of the transaction, the director now directly owns 279,239 shares of the company’s stock, valued at $2,708,618.30. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Jarrod M. Patten purchased 4,000 shares of Core Scientific stock in a transaction that occurred on Wednesday, August 28th. The stock was purchased at an average price of $9.70 per share, for a total transaction of $38,800.00. Following the transaction, the director now directly owns 279,239 shares in the company, valued at approximately $2,708,618.30. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Denise Marie Brucia Sterling sold 8,752 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $9.41, for a total transaction of $82,356.32. Following the completion of the transaction, the chief financial officer now directly owns 122,217 shares in the company, valued at $1,150,061.97. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders bought a total of 12,761 shares of company stock worth $127,080 in the last three months. Company insiders own 32.00% of the company’s stock.

Institutional Trading of Core Scientific

Several large investors have recently made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new stake in Core Scientific during the 2nd quarter worth $28,000. Sunbelt Securities Inc. acquired a new position in Core Scientific during the second quarter worth about $33,000. Rise Advisors LLC purchased a new stake in Core Scientific during the 2nd quarter valued at about $65,000. Aspect Partners LLC acquired a new stake in Core Scientific in the 1st quarter valued at about $29,000. Finally, Hexagon Capital Partners LLC purchased a new position in Core Scientific in the 1st quarter worth approximately $34,000.

About Core Scientific

Core Scientific, Inc provides digital asset mining services in North America. It operates through two segments, Mining and Hosting. The company offers blockchain infrastructure, software solutions, and services; and operates data center mining facilities. It also mines digital assets for its own account; and provides hosting services for other large bitcoin miners, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers' digital asset mining equipment.