CORZ Stock Forecast & Price Target

Core Scientific Inc. is positioned favorably due to its substantial revenue growth in the Digital Asset Self-Mining segment, highlighted by a striking 700% year-over-year increase to $1.92 billion in 2024. The company's infrastructure supports significant demand for high-performance computing, with expected compute access growth from 360MW to 1.3GW, enhancing operational capabilities. Furthermore, the recent landmark data center deal with CoreWeave is projected to add $1.2 billion in revenue, amplifying the total project revenue to $10.2 billion over a 12-year period, which underscores the company's robust market position and optimistic growth trajectory.

Core Scientific Inc. experienced a significant decline in Q4, reporting total revenue of $94.9 million, which represents a 33% decrease year-over-year, primarily due to a 29% drop in digital asset self-mining revenue driven by a decrease in bitcoin mined. The company's net loss widened to $265 million, although it was slightly lower year-over-year due to market adjustments, highlighting continued profitability challenges. Additionally, concerns about delays in the CoreWeave project timeline and external pressures, such as cancellations from Microsoft and negative market sentiment, contribute to the pessimistic outlook for Core Scientific’s stock.