Core Scientific (CORZ) Stock Forecast & Price Target

$9.32

-0.92 (-8.98%)

(As of 09/6/2024 ET)

Core Scientific - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy
Based on 8 Analyst Ratings

Based on 8 Wall Street analysts who have issued ratings for Core Scientific in the last 12 months, the stock has a consensus rating of "Buy." Out of the 8 analysts, 8 have given a buy rating for CORZ.

Consensus Price Target

$14.88
59.60% Upside

High Forecast	$20.00
Average Forecast	$14.88
Low Forecast	$8.50

According to the 8 analysts' twelve-month price targets for Core Scientific, the average price target is $14.88. The highest price target for CORZ is $20.00, while the lowest price target for CORZ is $8.50. The average price target represents a forecasted upside of 59.60% from the current price of $9.32.

Type	Current Forecast 9/8/23 to 9/7/24	1 Month Ago 8/9/23 to 8/8/24	3 Months Ago 6/10/23 to 6/9/24	1 Year Ago 9/8/22 to 9/8/23
Consensus Rating	Buy	Buy	Buy	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	7 Buy rating(s)	3 Buy rating(s)	2 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	7 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$14.88	$14.71	$7.83	$3.55
Forecasted Upside	59.60% Upside	62.61% Upside	73.95% Upside	108.65% Upside

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CORZ Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CORZ Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Core Scientific Stock vs. The Competition

Type	Core Scientific	Finance Companies	S&P 500
Consensus Rating Score	3.00	2.46	2.51
Consensus Rating	Buy	Hold	Moderate Buy
Predicted Upside	59.60% Upside	35.39% Upside	11.36% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/4/2024	Needham & Company LLC 2 of 5 stars	J. Todaro Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$16.00	+70.21%
9/3/2024	Cantor Fitzgerald 3 of 5 stars	B. Knoblauch Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Overweight	$20.00 ➝ $20.00	+110.97%
7/17/2024	B. Riley 4 of 5 stars		Upgrade	Neutral ➝ Buy	$0.50 ➝ $13.00	+11.11%
7/10/2024	HC Wainwright Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Dede Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$11.00 ➝ $15.00	+56.90%
7/10/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Chhugani Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$17.00	+77.82%
7/2/2024	LADENBURG THALM/SH SH Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Hickman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy	$14.50	+40.78%
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6/26/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Lewis Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$10.00 ➝ $15.00	+61.81%
1/31/2024	Compass Point Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$1.00 ➝ $8.50	+169.84%
11/3/2022	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Brendler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
10/28/2022	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Equal Weight
10/28/2022	Chardan Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral
9/16/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$4.00 ➝ $3.75	+86.57%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 11:29 PM ET.

CORZ Forecast - Frequently Asked Questions

What is Core Scientific's forecast for 2024?: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Core Scientific is $14.88, with a high forecast of $20.00 and a low forecast of $8.50.
Should I buy or sell Core Scientific stock right now?: 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Core Scientific in the last twelve months. There are currently 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CORZ shares.
Does Core Scientific's stock price have much upside?: According to analysts, Core Scientific's stock has a predicted upside of 64.32% based on their 12-month stock forecasts.
Has Core Scientific been upgraded by Wall Street analysts recently?: Over the previous 90 days, Core Scientific's stock had 1 upgrade by analysts.
What analysts cover Core Scientific?: Core Scientific has been rated by research analysts at B. Riley, BTIG Research, Cantor Fitzgerald, HC Wainwright, LADENBURG THALM/SH SH, Needham & Company LLC, and Sanford C. Bernstein in the past 90 days.
Do Wall Street analysts like Core Scientific more than its competitors?: Analysts like Core Scientific more than other "finance" companies. The consensus rating for Core Scientific is Buy while the average consensus rating for "finance" companies is Hold. Learn more on how CORZ compares to other companies.