Core Scientific Inc (CORZ) Gets a Buy from Bernstein

In a report released today, Gautam Chhugani from Bernstein maintained a Buy rating on Core Scientific Inc, with a price target of $24.00.

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Chhugani covers the Financial sector, focusing on stocks such as Figure Technology Solutions, Inc. Class A, Coinbase Global, and Robinhood. According to TipRanks, Chhugani has an average return of 25.3% and a 45.30% success rate on recommended stocks.

In a report released on April 9, Cantor Fitzgerald also maintained a Buy rating on the stock with a $29.00 price target.

Based on Core Scientific Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $79.76 million and a net profit of $214.15 million. In comparison, last year the company earned a revenue of $94.93 million and had a GAAP net loss of $265.54 million

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CORZ in relation to earlier this year. Last month, Eric Stanton Weiss, a Director at CORZ bought 7,000.00 shares for a total of $101,640.00.