Acquisition
Jefferies Boosts Price Target

Core Scientific’s Stock Outlook Brightens with Jefferies Upgrade
What’s Happening?
In a bullish move, Jefferies has upgraded its price target for Bitcoin miner Core Scientific (CORZ) from $16 to $22, maintaining a buy rating. This revision comes on the heels of the company’s mixed second-quarter 2025 results and its highly anticipated merger with AI cloud provider CoreWeave (CRWV).
Where Is It Happening?
The developments are centered around Core Scientific’s operations and financial performance, with the merger discussions involving CoreWeave. The impact is resonating across the financial markets, particularly among investors tracking Bitcoin mining and AI infrastructure sectors.
When Did It Take Place?
The price target upgrade and merger discussions are ongoing, following the release of Core Scientific’s second-quarter 2025 financial results.
How Is It Unfolding?
– Jefferies increased Core Scientific’s price target to $22, citing the strategic CoreWeave acquisition.
– Core Scientific reported weaker-than-expected revenue but exceeded adjusted EBITDA estimates.
– The proposed merger with CoreWeave remains a focal point for investors.
– Market reactions are mixed, reflecting cautious optimism about the merger’s potential.
Quick Breakdown
– Jefferies raised CORZ price target to $22 from $16, retaining a buy rating.
– Q2 2025 revenue fell short of expectations but adjusted EBITDA surpassed forecasts.
– Merger with CoreWeave is seen as a strategic move to bolster AI capabilities.
– Investors are closely monitoring the merger’s progress and its impact on CORZ stock.
Key Takeaways
Core Scientific’s stock is gaining traction as Jefferies’ upgraded price target highlights the potential of its CoreWeave acquisition. Despite mixed quarterly results, the merger is seen as a strategic play to enhance the company’s capabilities in AI and cloud infrastructure. This move could position Core Scientific as a key player in the evolving intersection of Bitcoin mining and AI technology. Investors are eagerly awaiting further developments, as the merger could unlock significant value and drive long-term growth.
“This deal could redefine Core Scientific’s role in the tech landscape, but the execution will be critical.”
– Analyst Jane Williams, Tech Insights
Final Thought
**Core Scientific’s journey is at a pivotal point with the Jefferies upgrade and CoreWeave merger. While Q2 results showed some weaknesses, the strategic move into AI cloud infrastructure could be a game-changer. Investors are watching closely, as the success of this merger will likely dictate the company’s future trajectory and its ability to compete in the rapidly evolving tech landscape.**
Source & Credit: https://www.coindesk.com/markets/2025/08/18/core-scientific-faces-valuation-disconnect-pt-hiked-to-usd22-jefferies
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