Jefferies Sees Core Scientific (CORZ) Well Positioned for AI Infrastructure Demand Growth

Core Scientific, Inc. (NASDAQ:CORZ) is one of the 10 Best Stocks in Leopold Aschenbrenner’s Portfolio.

Jefferies Sees Core Scientific (CORZ) Well Positioned for AI Infrastructure Demand Growth

Jefferies raised its price target on Core Scientific, Inc. (NASDAQ:CORZ) from $24 to $37 on May 14, 2026. The firm’s analyst kept a Buy rating on the company’s stock. According to them, demand for AI data centers remains strong, with power availability the “binding constraint.” Success among providers will be determined by tenant credit quality, location durability, and development execution. Notably, Core Scientific, Inc. (NASDAQ:CORZ) was the first peer to pivot away from Bitcoin mining, securing the sector’s most favorable economics on its CoreWeave (CRWV) leases.

Prior to this adjustment, BTIG also raised the firm’s price target on Core Scientific, Inc. (NASDAQ:CORZ) from $23 to $33 on May 13, 2026. The firm’s analyst Gregory Lewis maintained a Buy rating on the shares. According to Gregory’s research note, the company is maintaining progress in building out its power portfolio. The firm further noted that the company has added 1.2 GW of approved power capacity this year, which is expected to positively influence its incremental high-performance compute contracts.

Founded in 2017, Core Scientific, Inc. (NASDAQ:CORZ) operates digital Bitcoin mining and high-performance computing infrastructure. Based in Delaware, 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 US-based operational data centers.

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.

READ NEXT: Top 10 Stocks That Will Profit from AI and 10 Best Battery Technology Stocks to Buy Now

Disclosure: None.  Follow Insider Monkey on Google News.

1281292 - 11759070 - 1