Core Scientific, Inc. (NASDAQ:CORZ) Earns Average "Buy" Rating from Analysts

Saturday 29th of March 2025 05:52:51

Core Scientific Inc. (NASDAQ:CORZ) Given Average Recommendation of "Buy" by Analysts

Core Scientific Inc. (NASDAQ:CORZ) has been given an average recommendation of "Buy" by the analysts at StockNews.net. The firm currently has a consensus rating of "Buy" on the stock. The average 12-month price target among analysts that have issued a rating on the stock in the last year is $3.50.

Several analysts have recently commented on the company. Needham & Company LLC reaffirmed a "buy" rating on shares of Core Scientific Inc. in a research report on Wednesday, March 22nd. Lake Street Capital Markets reaffirmed a "buy" rating on shares of Core Scientific Inc. in a research report on Tuesday, March 14th. Finally, Roth Capital Partners reaffirmed a "buy" rating on shares of Core Scientific Inc. in a research report on Monday, March 13th.

Core Scientific Inc. (NASDAQ:CORZ) last announced its earnings results on Thursday, March 9th. The company reported ($0.12) EPS for the quarter, missing the Zacks consensus estimate of ($0.06) by ($0.06). The company had revenue of $43.47 million for the quarter, compared to the consensus estimate of $34.50 million. Core Scientific Inc. had a negative return on equity of 13.1% and a negative net margin of 15.9%.

The company has a market capitalization of $1.43 billion and a price-to-earnings ratio of -24.31. The company has a 50-day moving average of $2.83 and a 200-day moving average of $3.47. On average, analysts predict that Core Scientific Inc. will post ($0.11) earnings per share for the current year.

Core Scientific Inc. (NASDAQ:CORZ) is a leading provider of data center infrastructure and services, and is the largest owner of self-owned data center real estate in the United States. The company provides data center infrastructure, including servers, storage, and networking equipment, as well as data center services, including colocation, cloud, and managed services. Core Scientific Inc. is headquartered in Houston, Texas.