Canaccord raised the firm’s price target on Core Scientific (CORZ) to $17 from $16 and keeps a Buy rating on the shares. The firm said as expected, Core Scientific announced that CoreWeave has gone ahead and exercised its option to procure its remaining 118MW of data center power designated for AI hosting. They also believe in the potential for the company to announce new HPC/ AI hosting partners in the coming months.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CORZ:
- Core Scientific Expands HPC Infrastructure with CoreWeave
- Core Scientific (CORZ) Riding High on Remarkable Stock Surge
- Unusually active option classes on open October 22nd
- Core Scientific reports CoreWeave exercises option for additional infrastructure
- Crypto Currents: Sam Altman’s Worldcoin rebrands to World Network