John Todaro, an analyst from Needham, maintained the Buy rating on Core Scientific Inc (CORZ – Research Report). The associated price target was raised to $18.00.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
John Todaro has given his Buy rating due to a combination of factors that highlight Core Scientific Inc’s attractive valuation and the growing market confidence in its operations. The company is positioned favorably compared to its peers, with some of the strongest sites for inference AI workloads, yet its stock is trading at a discount, presenting a compelling investment opportunity.
Furthermore, the analyst has raised the price target and increased the target multiple to 16 times the discounted 2026 EBITDA, reflecting the growing investor confidence in Core Scientific’s potential. The company’s pipeline and opportunities for additional site expansion also contribute to the positive outlook, supporting the Buy rating.
Todaro covers the Financial sector, focusing on stocks such as Applied Digital Corporation, Riot Platforms, and TeraWulf Inc. According to TipRanks, Todaro has an average return of 42.1% and a 65.25% success rate on recommended stocks.
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue