Core Scientific shares are trading higher after Jefferies initiated coverage on the stock with a Buy rating and announced a price target of $19.
Portfolio Pulse from Benzinga Newsdesk
Core Scientific shares rose after Jefferies initiated coverage with a Buy rating and set a price target of $19.
October 28, 2024 | 4:16 pm
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Core Scientific shares increased following Jefferies' initiation of coverage with a Buy rating and a $19 price target.
The initiation of coverage by a reputable firm like Jefferies with a Buy rating and a specific price target often leads to increased investor confidence and buying activity, driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100