Growth Outlook Positive for Core Scientific (CORZ) Stock

Core Scientific, Inc. (NASDAQ:CORZ) is one of the 15 software stocks with the highest upside potential. On January 6, investor commentary highlighted growing investor confidence around Core Scientific, Inc.’s (NASDAQ:CORZ) growth outlook. Founder and partner at Gullane Capital Partners and a primary investor in Core Scientific, Trip Miller, expects the company to deliver 400 MW of data center capacity to new clients in 2026. He was among those opposing the company’s $9 billion acquisition by CoreWeave (NASDAQ:CRWV) last year. But now he believes that Core Scientific is close to securing several new deals.

According to the report, Trip Miller commented, highlighting that the CoreWeave deal had undervalued the company:

”I think over the next 90 days, you’ll see them announce greater than a hundred megawatts of deals. It would show that there was a lot more value to be tapped there than we were getting paid for under the CoreWeave deal.”

CoreWeave announced plans to acquire Core Scientific for $9 billion in July 2025, but several major investors, including Miller, opposed the deal. The acquisition failed to secure enough votes at a shareholder meeting in late October. Subsequently, multiple investment firms upgraded the stock.

According to a report released on January 6, the firm received an upgrade from KeyBanc. The financial services firm upgraded the stock to a Buy and assigned it a target price of $23. The price target implies a 41.63% upside from current levels.

Core Scientific, Inc. (NASDAQ:CORZ) operates as a digital asset mining services provider across the United States. The company operates through the Digital Asset Hosted Mining, Digital Asset Self-Mining, and HPC Hosting segments. It provides software solutions, digital infrastructure, and services.

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 TSLA and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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