Needham raised the firm’s price target on Core Scientific (CORZ) to $18 from $16 and keeps a Buy rating on the shares. The market has “growing comfort” with CoreWeave (CRWV) as a counterparty, and the firm continues to believe there is a strong demand backdrop which should vastly outstrip supply over the next five years and be positive for its bitcoin mining/HPC universe, the analyst tells investors in a research note.
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