Shares of Core Scientific, Inc. (CORZ) are surging 5.47% in pre-market trading on Wednesday, following a bullish initiation from Oppenheimer. The stock's positive momentum comes as the investment bank starts coverage with an Outperform rating and sets a price target of $15 for the company.
Oppenheimer's optimistic stance on Core Scientific adds to the generally positive sentiment among analysts. According to FactSet, the company currently holds an average "Buy" rating from polled analysts, with a mean price target of $18.28. This consensus suggests that Wall Street sees significant upside potential for the stock.
The pre-market rally indicates that investors are reacting favorably to the new coverage and price target. As the trading day progresses, it will be interesting to see if Core Scientific can maintain this upward momentum and how it might impact the broader cryptocurrency mining sector. Investors and market watchers will likely be keeping a close eye on the stock's performance in the regular trading session.
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