Clear Street raised the firm’s price target on Core Scientific (CORZ) to $27 from $23 and keeps a Buy rating on the shares following Core Scientific terminating its merger with CoreWeave (CRWV) after shareholders voted against the deal. The firm sees this as a “clear positive that removes an overhang” and unlocks value.
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Read More on CORZ:
- CoreWeave (CRWV) Steps Out with Marimo Acquisition amid Failed Merger Bid
- What’s Next for Core Scientific (CORZ) after CoreWeave Merger Rejection?
- M&A News: Core Scientific’s (CORZ) Shareholders Reject Takeover by CoreWeave
- CoreWeave Stock (CRWV) Unravels after $9B Merger with Core Scientific Collapses
- Core Scientific Ends Merger with CoreWeave