Analysts Grow Bullish on Core Scientific (CORZ) After Takeover Vote Fails

Core Scientific, Inc. (NASDAQ:CORZ) is one of the AI Stocks on the Market’s RadarOn October 30, Macquarie upgraded the stock to “Outperform” with a revised price target of $34.00. The firm upgraded the stock up post CoreWeave (CRWV) deal termination.

The company recently announced that it failed to receive the mandatory number of votes to approve the company’s planned sale to CoreWeave (CRWV).

In response, CRWV noted that it “looks forward to continuing its commercial partnership with CORZ.” In other news, Roth Capital raised the firm’s price target on (CORZ) to $40 from $23.50 and kept a Buy rating on the shares.

The firm believes that CORZ can now resume its standalone path and resume talks with customers after shareholders voted against takeover by CRWV.

Core Scientific, Inc. (NASDAQ:CORZ) has transitioned into an AI business by leveraging advanced infrastructure and expertise in HPC (high-performance computing).

While we acknowledge the risk and potential of CORZ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CORZ and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.