FY2026 EPS Forecast for Core Scientific Decreased by Analyst

Core Scientific, Inc. (NASDAQ:CORZ) – B. Riley decreased their FY2026 EPS estimates for shares of Core Scientific in a research note issued to investors on Wednesday, February 12th. B. Riley analyst N. Giles now forecasts that the company will earn $0.07 per share for the year, down from their previous estimate of $0.11. B. Riley has a “Buy” rating and a $17.00 price objective on the stock. The consensus estimate for Core Scientific’s current full-year earnings is $0.50 per share.

Several other research analysts have also weighed in on CORZ. Roth Capital upgraded shares of Core Scientific to a “strong-buy” rating in a research note on Thursday, November 14th. HC Wainwright increased their price target on shares of Core Scientific from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Jefferies Financial Group started coverage on shares of Core Scientific in a research note on Monday, October 28th. They set a “buy” rating and a $19.00 price target on the stock. Needham & Company LLC restated a “buy” rating and set a $18.00 price target on shares of Core Scientific in a research note on Friday, January 17th. Finally, Macquarie increased their price target on shares of Core Scientific from $16.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Fifteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Core Scientific currently has an average rating of “Buy” and a consensus price target of $19.07.

Core Scientific Stock Performance

Core Scientific stock opened at $12.51 on Thursday. The firm has a market cap of $3.49 billion and a PE ratio of -2.31. The firm’s 50 day moving average price is $14.16 and its two-hundred day moving average price is $13.14. Core Scientific has a twelve month low of $2.61 and a twelve month high of $18.63.

Hedge Funds Weigh In On Core Scientific

A number of hedge funds have recently made changes to their positions in the business. Comerica Bank raised its stake in shares of Core Scientific by 1.3% in the 4th quarter. Comerica Bank now owns 4,001,378 shares of the company’s stock valued at $56,219,000 after buying an additional 50,000 shares in the last quarter. Jericho Capital Asset Management L.P. acquired a new position in shares of Core Scientific in the 4th quarter valued at $39,240,000. Northern Trust Corp raised its stake in shares of Core Scientific by 6.7% in the 4th quarter. Northern Trust Corp now owns 1,836,018 shares of the company’s stock valued at $25,796,000 after buying an additional 114,618 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Core Scientific in the 4th quarter valued at $185,000. Finally, Northern Right Capital Management L.P. acquired a new position in shares of Core Scientific in the 4th quarter valued at $7,419,000.

Insider Buying and Selling at Core Scientific

In other Core Scientific news, CEO Adam Taylor Sullivan sold 88,380 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $14.24, for a total value of $1,258,531.20. Following the completion of the sale, the chief executive officer now directly owns 4,128,505 shares of the company’s stock, valued at $58,789,911.20. This represents a 2.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Todd M. Duchene sold 25,000 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $17.10, for a total transaction of $427,500.00. Following the completion of the sale, the insider now directly owns 1,661,474 shares of the company’s stock, valued at approximately $28,411,205.40. This trade represents a 1.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 744,032 shares of company stock valued at $11,863,966 in the last ninety days. Company insiders own 32.00% of the company’s stock.

About Core Scientific

Core Scientific, Inc provides digital asset mining services in North America. It operates through two segments, Mining and Hosting. The company offers blockchain infrastructure, software solutions, and services; and operates data center mining facilities. It also mines digital assets for its own account; and provides hosting services for other large bitcoin miners, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers' digital asset mining equipment.