HC Wainwright & Co. Upgrades Core Scientific to Buy, Announces $5 Price Target
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Kevin Dede has upgraded Core Scientific (NASDAQ:CORZ) from Neutral to Buy and set a price target of $5 for the company's stock.

January 25, 2024 | 11:10 am
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Core Scientific's stock has been upgraded by HC Wainwright & Co. from Neutral to Buy with a new price target of $5, indicating a positive outlook on the stock.
Upgrades by analysts typically lead to a positive short-term reaction in the stock market as they suggest a better-than-expected future performance. The new price target of $5 implies a significant upside potential from the current trading price, which may attract investors and drive up the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100