KBW Raises Core Scientific Price Target After AMD Leasing Deal

KBW analysts raised their price target for Core Scientific stock, citing an increase in the company's contracted value following a leasing agreement with AMD. The analysts stated that the deal significantly boosts Core Scientific's revenue potential and strengthens its growth outlook. KBW forecasts that Core Scientific shares could rise approximately 35% from current levels. This optimism stems from the AMD leasing agreement, which enables the company to expand its data center capacity and AI-focused services. Analysts noted that Core Scientific's cryptocurrency mining operations, combined with its new collaboration in AI and high-performance computing, will diversify the company's revenue streams and enhance profitability. The AMD deal allows Core Scientific to utilize its existing infrastructure more efficiently and serve new customers. KBW's report reflects confidence in Core Scientific's financial outlook. The company's stock was well received by investors following the deal announcement, and with the analysts' price target revision, it is expected to gain further value. This is not investment advice.