Keefe Bruyette Raises Core Scientific (CORZ) PT Following Pivot From Bitcoin Mining to AI Infrastructure

Core Scientific Inc. (NASDAQ:CORZ) is one of the best performing new tech stocks to buy now. On January 26, Keefe Bruyette raised the price target on Core Scientific to $25 from $19 with an Outperform rating, having updated the company’s model ahead of the Q4 2025 report. The firm noted that Core Scientific is executing a full pivot from bitcoin mining to HPC leasing, though the shares remain valued largely on existing CoreWeave leases, and Keefe Bruyette sees an attractive setup for the shares ahead of expected pipeline updates and new deals.

Additionally, earlier on January 6, BTIG analyst Gregory Lewis upgraded Core Scientific Inc. (NASDAQ:CORZ) to Buy from Neutral with a $23 price target. Lewis stated that the dust settled following the shareholder rejection of its merger with CoreWeave Inc. (NASDAQ:CRWV).

Lewis also stated that Core Scientific has been one of the worst-performing stocks among those with signed contracts to convert power infrastructure from crypto mining to high-performance computing, but BTIG expects the company to hit the ground running in 2026 by securing additional HPC colocation contracts as power infrastructure for compute remains strong.

Core Scientific Inc. (NASDAQ:CORZ) provides digital asset mining services in the US. It operates through three segments: Digital Asset Self-Mining, Digital Asset Hosted Mining, and HPC Hosting.

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.

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