BTIG Raises Price Target on Core Scientific (CORZ) Following Power Capacity Expansion
Key takeaways
- BTIG Raises Price Target on Core Scientific (CORZ) Following Power Capacity Expansion Sheryar Siddiq Tue, June 2, 2026 at 4:37 PM GMT+7 1 min read CORZ BTC-USD CORZZ Core Scientific Inc.
- (NASDAQ:CORZ) unveiled a new 430-megawatt facility in Hunt County, Texas, with the development increasing Core Scientific’s power infrastructure in the Dallas metropolitan area to roughly 825 megawatts.
- Moreover, on May 7, Needham boosted its price target for Core Scientific Inc.
BTIG Raises Price Target on Core Scientific (CORZ) Following Power Capacity Expansion Sheryar Siddiq Tue, June 2, 2026 at 4:37 PM GMT+7 1 min read CORZ BTC-USD CORZZ Core Scientific Inc. (NASDAQ:CORZ) ranks among the best short squeeze stocks to invest in. In response to Core Scientific Inc. (NASDAQ:CORZ)’s announcement of about 1.2 gigawatts of approved power capacity for the current year, BTIG increased its price objective for the stock on May 13 from $23 to $33 with a Buy rating.
Core Scientific Inc. (NASDAQ:CORZ) unveiled a new 430-megawatt facility in Hunt County, Texas, with the development increasing Core Scientific’s power infrastructure in the Dallas metropolitan area to roughly 825 megawatts.
Moreover, on May 7, Needham boosted its price target for Core Scientific Inc. (NASDAQ:CORZ) to $29 from $23 with a Buy rating after the company’s Q1 earnings announcement. Core Scientific announced revenue of $115.2 million, which surpassed Needham’s forecast of $106.9 million. The company also revealed a deal to acquire Polaris DS, which is currently contracted for 440 megawatts of gross power.