Core Scientific shares are trading higher after the company announced it exercised its first option contract with CoreWeave for additional infrastructure to host high-performance computing operations. Also, HC Wainwright maintained a Buy rating on the stock and raised its price target from $5 to $11.
Portfolio Pulse from Benzinga Newsdesk
Core Scientific shares are trading higher after the company announced it exercised its first option contract with CoreWeave for additional infrastructure to host high-performance computing operations. Additionally, HC Wainwright maintained a Buy rating on the stock and raised its price target from $5 to $11.
June 25, 2024 | 11:38 am
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Core Scientific shares are trading higher after the company announced it exercised its first option contract with CoreWeave for additional infrastructure to host high-performance computing operations. HC Wainwright also maintained a Buy rating and raised its price target from $5 to $11.
The announcement of exercising the option contract with CoreWeave indicates expansion and potential growth in Core Scientific's operations, which is positive news for investors. Additionally, the Buy rating and increased price target from HC Wainwright further boost investor confidence and are likely to drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100