Brokers Issue Forecasts for Core Scientific FY2025 Earnings

Core Scientific, Inc. (NASDAQ:CORZ) – Investment analysts at B. Riley lifted their FY2025 earnings per share estimates for shares of Core Scientific in a research note issued to investors on Wednesday, December 18th. B. Riley analyst L. Pipes now expects that the company will earn ($0.10) per share for the year, up from their prior estimate of ($0.18). B. Riley currently has a “Buy” rating and a $17.00 target price on the stock. The consensus estimate for Core Scientific’s current full-year earnings is $0.50 per share. B. Riley also issued estimates for Core Scientific’s FY2026 earnings at $0.11 EPS.

Other analysts have also recently issued reports about the company. Compass Point boosted their price target on Core Scientific from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. BTIG Research boosted their target price on shares of Core Scientific from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $17.00 price target on shares of Core Scientific in a research note on Tuesday, September 10th. Roth Mkm began coverage on shares of Core Scientific in a research note on Friday, November 15th. They issued a “buy” rating and a $25.50 price objective on the stock. Finally, Macquarie increased their price objective on Core Scientific from $16.00 to $19.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Thirteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $18.46.

Core Scientific Stock Up 6.5 %

Shares of CORZ stock opened at $14.96 on Monday. The firm has a market capitalization of $4.18 billion and a P/E ratio of -2.77. Core Scientific has a twelve month low of $2.61 and a twelve month high of $18.63. The stock’s fifty day simple moving average is $15.38 and its 200 day simple moving average is $12.13.

Institutional Investors Weigh In On Core Scientific

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. ORG Wealth Partners LLC acquired a new stake in shares of Core Scientific in the 3rd quarter valued at about $106,266,000. Parsifal Capital Management LP boosted its holdings in Core Scientific by 3.9% in the third quarter. Parsifal Capital Management LP now owns 5,412,825 shares of the company’s stock worth $64,196,000 after acquiring an additional 204,314 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Core Scientific by 26.7% in the third quarter. Geode Capital Management LLC now owns 5,276,573 shares of the company’s stock worth $62,594,000 after acquiring an additional 1,113,285 shares in the last quarter. State Street Corp grew its stake in Core Scientific by 17.0% in the third quarter. State Street Corp now owns 4,006,922 shares of the company’s stock valued at $47,522,000 after acquiring an additional 583,493 shares during the period. Finally, Taconic Capital Advisors LP increased its holdings in shares of Core Scientific by 178.7% during the third quarter. Taconic Capital Advisors LP now owns 2,717,462 shares of the company’s stock valued at $32,229,000 after acquiring an additional 1,742,462 shares in the last quarter.

Insider Activity at Core Scientific

In other Core Scientific news, insider Todd M. Duchene sold 25,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $17.10, for a total transaction of $427,500.00. Following the transaction, the insider now directly owns 1,661,474 shares in the company, valued at approximately $28,411,205.40. This represents a 1.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Yadin Rozov sold 105,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $18.11, for a total transaction of $1,901,550.00. Following the sale, the director now directly owns 345,239 shares of the company’s stock, valued at approximately $6,252,278.29. This trade represents a 23.32 % decrease in their position. The disclosure for this sale can be found here. 32.00% of the stock is owned by corporate insiders.

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.