Core Scientific (NASDAQ:CORZ) Stock Bumped Up to "Hold" by Wall Street Zen

Key Points

• Wall Street Zen upgraded Core Scientific from “sell” to “hold.” Across analysts, the stock carries a “Moderate Buy” consensus and an average price target of $30.54.
• Core Scientific reported quarterly earnings of $0.47 per share, beating the consensus estimate of a $0.07 loss, while revenue of $232.87 million exceeded forecasts of $196.54 million.
• Analyst views remain mixed: B. Riley lowered its price target to $31 while keeping a Buy rating, and Needham cut its target to $28 but also maintained Buy.

Core Scientific (NASDAQ:CORZ - Get Free Report) was upgraded by analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other equities analysts also recently issued reports on CORZ. B. Riley Financial cut their price target on Core Scientific from $42.00 to $31.00 and set a "buy" rating for the company in a research note on Friday, October 30th. Citigroup reiterated a "market outperform" rating on shares of Core Scientific in a report on Wednesday, October 14th. Freedom Capital raised shares of Core Scientific from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 30th. Rothschild & Co Redburn assumed coverage on shares of Core Scientific in a research note on Monday, September 21st. They issued a "neutral" rating and a $16.00 target price for the company. Finally, Capital One Financial set a $33.00 target price on Core Scientific in a research note on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Core Scientific presently has an average rating of "Moderate Buy" and an average price target of $30.54.

Core Scientific Stock Performance

Shares of CORZ opened at $11.76 on Friday. The firm has a 50 day moving average price of $15.68 and a 200-day moving average price of $19.48. Core Scientific has a fifty-two week low of $10.59 and a fifty-two week high of $30.46.

Core Scientific (NASDAQ:CORZ - Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.54. The company had revenue of $232.87 million for the quarter, compared to analyst estimates of $196.54 million. Equities analysts expect that Core Scientific will post -1.36 earnings per share for the current year.

Insider Transactions at Core Scientific

In other news, insider Todd DuChene sold 10,000 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $12.78, for a total value of $127,800.00. Following the completion of the transaction, the insider owned 1,123,286 shares of the company's stock, valued at approximately $14,355,595.08. This represents a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Eric Weiss bought 6,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 15th. The stock was acquired at an average cost of $16.33 per share, with a total value of $97,980.00. Following the transaction, the director owned 265,262 shares of the company's stock, valued at $4,331,728.46. This represents a 2.31% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have purchased 19,000 shares of company stock worth $342,290 and have sold 100,000 shares worth $1,628,600. 1.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Core Scientific

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC increased its position in shares of Core Scientific by 125.0% during the 3rd quarter. Parallel Advisors LLC now owns 1,800 shares of the company's stock worth $29,000 after purchasing an additional 1,000 shares during the last quarter. Parkside Financial Bank & Trust raised its position in Core Scientific by 1,371.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,177 shares of the company's stock worth $30,000 after buying an additional 1,097 shares during the last quarter. CoreCap Advisors LLC acquired a new stake in Core Scientific in the 2nd quarter valued at about $36,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Core Scientific during the 3rd quarter valued at about $42,000. Finally, Rakuten Securities Inc. purchased a new position in Core Scientific during the 2nd quarter worth approximately $47,000.

Key Stories Impacting Core Scientific

Here are the key news stories impacting Core Scientific this week:

• Positive Sentiment: Core Scientific reported Q3 2026 earnings of $0.47 per share, versus analysts’ expected loss, while revenue of $232.87 million also exceeded estimates. The results provide a fundamental catalyst for investor optimism. Core Scientific surpasses Q3 earnings and revenue estimates
• Positive Sentiment: Traders bought 143,273 CORZ call options Friday, about 127% above average volume. The surge may reflect increased bullish speculation, though options activity does not guarantee future gains.
• Neutral Sentiment: Needham cut its price target from $35 to $28 but maintained a Buy rating. The lower target tempers the outlook, while the continued Buy rating signals the analyst still sees substantial potential upside relative to the cited $11.76 price.
• Negative Sentiment: Insider Todd Duchene sold 10,000 shares for $127,800, reducing his holdings by 0.88%. The sale is a modest cautionary signal, although he retained more than 1.1 million shares. Core Scientific insider sale

About Core Scientific

Core Scientific, Inc is a digital infrastructure company that develops and operates data centers for high-performance computing. The company has historically focused on bitcoin mining, using specialized computing equipment and supporting infrastructure to validate transactions on the Bitcoin network. It also provides hosting and infrastructure services for other digital asset miners.

Core Scientific is expanding its business toward hosting high-performance computing and artificial intelligence workloads.

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