Oppenheimer sees 32% upside in Block shares, upgrades to Outperform [Yahoo! Finance]
Core Scientific, Inc. (CORZ)
Company Research
Source: Yahoo! Finance
Perform and set a new price target of $115, suggesting a 32% upside potential from the Wednesday closing price. The upgrade decision is rooted in several key factors, including expected accelerated growth in Square's Gross Payment Volume (GPV), Block's ability to meet its financial efficiency targets ahead of schedule, and the potential gross profit from its Bitcoin mining strategy. According to Oppenheimer, Block's recent investments in product development and sales initiatives are projected to drive Square GPV growth. For 2025, the firm forecasts a GPV increase to 12%, surpassing both the 2024 estimate of approximately 9% and the consensus estimate of 10%. These growth expectations are attributed to Block's enhanced product offerings, increased marketing efforts with strong returns on investment, a revised go-to-market strategy, and resilient consumer spending. Block is also anticipated to achieve its "Rule of 40" target by 2025, one year earlier than planned. This financi
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CORZ
News
- Starboard sees an opportunity to create value at Riot Platforms amid growth in hyperscalers [MSNBC.com]MSNBC.com
- Starboard sees an opportunity to create value at Riot Platforms amid growth in hyperscalers [CNBC]CNBC
- Core Scientific finds a balance in bitcoin mining and AI: CEO [Yahoo! Finance Canada]Yahoo! Finance Canada
- Core Scientific, Inc. (NASDAQ: CORZ) had its price target raised by analysts at BTIG Research from $19.00 to $20.00. They now have a "buy" rating on the stock.MarketBeat
- The Prompt: Microsoft Designs Data Centers That Recycle Water [Forbes]Forbes
CORZ
Earnings
- 11/6/24 - Miss
CORZ
Sec Filings
- 12/16/24 - Form 4
- 12/9/24 - Form 4
- 12/6/24 - Form 424B3
- CORZ's page on the SEC website