Core Scientific FY2025 EPS Forecast Increased by B. Riley

Core Scientific, Inc. (NASDAQ:CORZ) – Equities research analysts at B. Riley raised their FY2025 earnings per share (EPS) estimates for shares of Core Scientific in a report released on Wednesday, December 18th. B. Riley analyst L. Pipes now expects that the company will post earnings of ($0.10) per share for the year, up from their previous forecast 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.

Several other research analysts also recently issued reports on CORZ. HC Wainwright lifted their price target on Core Scientific from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. BTIG Research lifted their target price on shares of Core Scientific from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $20.00 price target on shares of Core Scientific in a research report on Thursday, October 3rd. Jefferies Financial Group assumed coverage on Core Scientific in a research report on Monday, October 28th. They set a “buy” rating and a $19.00 price objective for the company. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $17.00 target price on shares of Core Scientific in a report on Thursday, November 7th. Thirteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $18.46.

Core Scientific Stock Performance

Shares of CORZ stock opened at $14.13 on Monday. The stock has a market cap of $3.95 billion and a PE ratio of -2.61. Core Scientific has a 1 year low of $2.61 and a 1 year high of $18.63. The stock has a fifty day moving average price of $15.36 and a 200 day moving average price of $12.08.

Institutional Investors Weigh In On Core Scientific

Institutional investors have recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise acquired a new position in shares of Core Scientific in the 2nd quarter valued at about $28,000. Sunbelt Securities Inc. acquired a new position in Core Scientific during the second quarter valued at approximately $33,000. Rise Advisors LLC grew its stake in Core Scientific by 14.3% during the third quarter. Rise Advisors LLC now owns 8,000 shares of the company’s stock worth $95,000 after buying an additional 1,000 shares during the period. Divisadero Street Capital Management LP acquired a new stake in shares of Core Scientific in the second quarter worth $93,000. Finally, Arkadios Wealth Advisors purchased a new position in shares of Core Scientific in the 3rd quarter valued at $119,000.

Insider Activity at Core Scientific

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

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.