In a recent development that could excite investors, Core Scientific, Inc. (CORZ) has received a “Buy” rating from Gregory Lewis of BTIG. The recommendation came on January 6, 2026, with a compelling price target set at $23, significantly above the current trading level of $16.73. This news could suggest potential upside for investors, making it an intriguing addition to portfolios that are prepared to navigate the complexities of the cryptocurrency mining and blockchain sector.
Recent Price Action
Core Scientific’s stock has demonstrated notable movements in recent sessions, closing at $16.73. Over the past week, the stock has seen a change of 0.175, translating to a slight increase of approximately 1.05%. The trading volume has been robust, with nearly 3.26 million shares changing hands, although this is below the average volume of 15.7 million shares. This reduced trading volume hints at a period of consolidation after more volatile trends in previous weeks, with a 52-week high that is 29.2% below its peak and a striking 169.84% variability against its 52-week low. The stock exhibits a high beta of 6.89, indicating that it is significantly more volatile than the broader market, which may appeal to risk-tolerant investors seeking opportunities amid fluctuations.
Historical Performance
Core Scientific’s performance over various time frames offers a mixed picture. The stock has experienced a monthly gain of 5.75%, reflecting a recovery from earlier losses. However, the quarterly performance reveals a decline of 7.57%, suggesting recent pressures on the stock amid broader market conditions affecting technology and cryptocurrency equities. Over the last year, the stock’s volatility has averaged 5.12% weekly and 6.06% monthly, showcasing an environment ripe for both potential rewards and risks. The averages in volume over 10 days and three months stand at approximately 8 million and 15.4 million respectively, indicating ongoing investor interest despite current price movements.
Earnings Analysis
In terms of earnings, Core Scientific reported an actual Earnings Per Share (EPS) of -$0.46, which starkly contrasts with the estimated EPS of -$0.06981, delivering a surprise factor of 558.93%. This significant deviation from expectations could be indicative of operational challenges that are still unfolding within the company. Comparatively, previous earnings reflected a less drastic surprise, with an actual EPS of -$0.04 against an estimate of -$0.07, leading to a negative surprise of 42.86%. This pattern reinforces the company’s ongoing struggle to meet performance expectations amid a rapidly changing industry landscape, which may color investor sentiment moving forward.
Consensus Ratings
The consensus ratings present a decidedly bullish outlook for Core Scientific. With a total of nine analysts covering the stock, all have issued “Buy” ratings, reflecting unanimous optimism among industry experts. The average price target sits at approximately $25.94, with the range spanning from a low of $23 to a high of $34. This consistency in ratings underscores a strong belief in the potential for growth in the coming months, despite the capital market fluctuations that have characterized recent trading.
Stock Grading or Fundamental View
Core Scientific’s Stocks Telegraph Grade is currently rated at 47, which suggests a moderately positive view of its fundamentals. While this score indicates some challenges, particularly in profitability and operational efficiency, it may also reflect underlying strengths, including a solid position within the blockchain and cryptocurrency mining sectors. Investors should consider this grading alongside other metrics, such as market potential and strategic partnerships, when evaluating the stock’s prospects.
Conclusion
For investors contemplating an alignment with Core Scientific, it is critical to assess both the opportunities and inherent risks. The stock may appeal to those with a long-term growth orientation who are undeterred by volatility, given its potential upside following the recent boost in analyst ratings. However, prospective investors should remain cautious, aware of the company’s current earnings challenges and fluctuating market conditions. With analysts uniformly advocating for a buy, CORZ is certainly worth watching as the landscape evolves, particularly for those willing to engage with the high-risk, high-reward nature of the cryptocurrency market.