Bernstein Maintains a Buy on Core Scientific (CORZ), Sets a $17 PT

Core Scientific, Inc. (NASDAQ:CORZ) is one of the best stocks to invest in right now. In a report released on September 15, Gautam Chhugani from Bernstein maintained a Buy rating on Core Scientific, Inc. (NASDAQ:CORZ) and set a price target of $17.00.

Why Is Core Scientific Inc (CORZ) Plunging In 2025?

Core Scientific, Inc. (NASDAQ:CORZ) reported total revenue of $78.6 million in fiscal Q2 2025 compared to $141.1 million in the same quarter last year.

Adjusted EBITDA for the quarter reached $21.5 million compared to $46.0 million for the prior year period.

Core Scientific, Inc. (NASDAQ:CORZ) operates digital Bitcoin mining and high-performance computing infrastructure. The company leverages its own fleet of computers, called miners, to earn Bitcoin for its own account and also provides hosting services for Bitcoin mining and high-performance computing customers at eight US-based operational data centers.

While we acknowledge the potential of CORZ to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CORZ and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.