Citizens JMP Downgrades Core Scientific Inc. (CORZ) to Market Perform

Citizens JMP analyst Greg Miller downgraded Core Scientific Inc. (NASDAQ: CORZ) from Market Outperform to Market Perform.

The analyst comments: "We are downgrading Core Scientific to Market Perform from Market Outperform following the announcement of the acquisition by CoreWeave. The transaction, which remains subject to regulatory and shareholder approval, is expected to close in 4Q25. While the deal offers a premium to CORZ’s recent trading levels prior to the acquisition rumors, we believe upside to the stock is now limited, as a higher bid from another company appears unlikely. As a result, we view the risk/reward profile as balanced and believe the stock is fairly valued at current levels."

For an analyst ratings summary and ratings history on Core Scientific Inc. click here. For more ratings news on Core Scientific Inc. click here.

Shares of Core Scientific Inc. closed at $12.51 yesterday.

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