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 Radar. On 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 potential of CORZ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.