BTIG Reiterates Buy Rating on Core Scientific, Inc. (CORZ)
BTIG maintains its positive outlook on Core Scientific, Inc. with a $38 price target, a 39.71% upside from the current price.
Key Points
- BTIG reiterated its buy rating on Core Scientific, Inc. (CORZ) with a price target of $38, as of June 25, 2026.
- BTIG's $38 price target implies 39.71% upside from Core Scientific, Inc.'s ($CORZ) current $27.20 share price.
- Shares of Core Scientific traded near $27.79 on Thursday, with a market cap of approximately $9.24 billion and a forward P/E of 98.02.
- Insider Todd Duchene sold shares in planned transactions, while BTIG and other analysts maintain strong buy ratings.
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Shares of Core Scientific, Inc. (NASDAQ:CORZ) were the subject of a reiterated buy rating from BTIG on June 25, 2026. The firm, led by analyst Gregory Lewis, maintained its positive stance with a price target of $38. This comes as the stock traded near $27.79 on Thursday.
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Core Scientific, Inc. Stock Up 64.7%
On Thursday, Core Scientific's shares were trading around $27.79. The company has a market cap of about $9.24 billion and a forward P/E ratio of 98.02, reflecting high investor expectations for future earnings. The stock has shown volatility with a beta of 5.484, a 52-week low of $10.93, and a high of $30.46. The 50-day moving average stands at $23.71, while the 200-day moving average is $18.71.
$CORZ price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at Core Scientific, Inc.
In recent insider activity, Todd Duchene, whose role is described as 'See remarks,' executed several planned sales throughout June 2026. Duchene sold 10,000 shares on June 22 at an average price of $29.29, as well as on June 15, June 8, June 1, and May 26 at varying prices. Additionally, Stephen Smith purchased 18,961 shares on May 26, though the price was not disclosed.
Analysts Set New Price Targets
BTIG reiterated its buy rating on Core Scientific with a $38 price target on June 25. This follows other analyst actions, including Freedom Broker initiating coverage with a hold rating and a $33 target on June 16, and B. Riley Securities maintaining a buy rating with a $33 target on May 27. Jefferies also maintained a buy rating with a $37 target on May 14. Overall, the consensus among 17 analysts is a strong buy, with a mean target price of $32.57.
About Core Scientific, Inc.
Core Scientific, Inc. is a technology company based in Dover, Delaware. It specializes in providing infrastructure for high-density colocation services and digital asset mining. The firm operates through segments like Colocation, Digital Asset Self-Mining, and Digital Asset Hosted Mining, offering services such as power, cooling, and security to support machine learning and AI workloads, as well as digital asset mining operations.
Bottom Line
BTIG's reiterated buy rating for Core Scientific highlights continued optimism about the company's prospects, with a $38 price target suggesting room for growth. Investors watch these ratings closely as they reflect analyst confidence in the company's future performance. It's important to remember that these ratings are based on past performance and projections, and may not reflect current conditions.
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