Investment bank B. Riley has upgraded Core Scientific (CORZ) from neutral to buy, increasing its price target from $17 to $30. The decision reflects the company's strong standalone value and renewed momentum in high-performance computing (HPC). Additionally, B. Riley raised price targets for other HPC-focused companies, including TeraWulf (WULF), Riot Platforms (RIOT), IREN (IREN), Bitdeer (BTDR), and Bitfarms (BITF), driven by rising demand for AI-related infrastructure.
B. Riley Upgrades Core Scientific to 'Buy' Amid HPC Growth
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