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Analysts Offer Insights on Technology Companies: Block (XYZ) and Core Scientific Inc (CORZ)

Tipranks - Fri Jun 12, 8:12AM CDT

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Block (XYZ) and Core Scientific Inc (CORZ).

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Block (XYZ)

In a report released today, Will Nance from Goldman Sachs maintained a Sell rating on Block, with a price target of $95.00. The company’s shares closed last Wednesday at $66.63.

According to TipRanks.com, Nance has 0 stars on 0-5 stars ranking scale with an average return of -8.1% and a 41.3% success rate. Nance covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and Paymentus Holdings. ;'>

Currently, the analyst consensus on Block is a Moderate Buy with an average price target of $88.38.

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Core Scientific Inc (CORZ)

Bernstein analyst Chad Dillard maintained a Buy rating on Core Scientific Inc yesterday and set a price target of $32.00. The company’s shares closed last Wednesday at $25.69.

According to TipRanks.com, Dillard is a 4-star analyst with an average return of 8.8% and a 63.4% success rate. Dillard covers the Industrial Goods sector, focusing on stocks such as Legence Corp. Class A, Jacobs Solutions, and Quanta Services. ;'>

Currently, the analyst consensus on Core Scientific Inc is a Strong Buy with an average price target of $30.60, implying a 14.8% upside from current levels. In a report issued on May 27, B. Riley Securities also assigned a Buy rating to the stock with a $33.00 price target.

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