BTIG Boosts Core Scientific to Buy Rating Amid Merger Deal Fallout

Wednesday, Jan 7, 2026 11:36 am ET1min read
CORZ--

BTIG upgraded Core Scientific (CORZ) to Buy, citing a valuation disconnect and potential for strong growth in HPC colocation deals and power acquisition in 2026. The firm set a $23 price target, pointing to the stock's underperformance compared to peers and the removal of merger-related distraction. Shares rose 1.4% to $16.97 in late morning trading.

BTIG Boosts Core Scientific to Buy Rating Amid Merger Deal Fallout

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