Wall Street Has a Mixed Opinion on Core Scientific (CORZ), Here's Why

Core Scientific, Inc. (NASDAQ:CORZ) is one of the Most Promising New Technology Stocks to Buy According to Hedge Funds. Wall Street has a mixed opinion on Core Scientific, Inc. (NASDAQ:CORZ) since the company delivered mixed results for its fiscal second quarter of 2025. The revenue of $78.63 million decreased 44.28% year-over-year and missed the estimates by $4.57 million. On the bright side, the EPS of negative $0.04 came in ahead of the consensus by $0.04.

Management noted that the decline in revenue was caused by a 62% decrease in bitcoin mined. This was partially offset by a 50% increase in bitcoin’s average price. Since the release, Wall Street has had a mixed opinion on Core Scientific, Inc. (NASDAQ:CORZ).

On August 23, Darren Aftahi from Roth MKM reduced the firm’s price target on the stock from $20 to $17, while reiterating a Hold rating. Later, on September 9, George Sutton from Craig-Hallum also reiterated a Hold rating on the stock without disclosing any price targets. More recently, on September 15, Gautam Chhugani from Bernstein reiterated a Buy rating on Core Scientific, Inc. (NASDAQ:CORZ) with a price target of $17.

Core Scientific, Inc. (NASDAQ:CORZ) provides digital infrastructure for high-density colocation and digital asset mining.

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