- CORZ +4.39% CORZR 0.00% CORZZ +4.14% BTC-USD -0.66% CRWV -1.57%
Core Scientific, Inc. (NASDAQ:CORZ) ranks among the best short squeeze stocks to buy right now. On November 5, Ladenburg Thalmann raised its price target for Core Scientific, Inc. (NASDAQ:CORZ) from $22.50 to $24.50, while maintaining its Buy rating for the company. The firm justified the higher target by pointing to potential earnings from High-Performance Computing and projected growth in Core Scientific’s hashrate.
According to Ladenburg Thalmann, Core Scientific’s non-GAAP cash earnings will amount to $461 million, or $0.92 per share, while its calendar 2027 revenues will grow to $1.055 million.
The firm pointed out that Core Scientific’s break-even mining price remains far below current and anticipated Bitcoin prices, enabling sustained profitable operations despite volatility.
This follows Core Scientific, Inc.’s announcement that the proposed merger with CoreWeave, Inc. was terminated due to the shareholders’ disapproval. As a result, the July 2025 merger agreement has been officially dissolved.
Core Scientific, Inc. (NASDAQ:CORZ) operates digital Bitcoin mining and high-performance computing infrastructure. The company leverages its own fleet of computers, called miners, to earn Bitcoin for its own account and also provides hosting services for Bitcoin mining and high-performance computing customers at eight US-based operational data centers.
While we acknowledge the potential of CORZ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
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