Core Scientific price target lowered to $23 from $25.50 at Roth MKM

Roth MKM lowered the firm’s price target on Core Scientific (CORZ) to $23 from $25.50 but keeps a Buy rating on the shares. The company expanded its CoreWeave partnership, pushing the contract value past $10B, while the management emphasized diversification and power expansion, the analyst tells investors in a research note. With 300MW of expansion potential and ongoing discussions with hyperscalers, Core Scientific appears well-positioned, the firm adds.