AI infrastructure company CoreWeave (coll) Transaction Purchase Core Science (CORZ) Will increase Bitcoin valuation
Wall Street bank JPMorgan said in a research note on Tuesday that mining stocks are unlikely to be replicated.
“Just like the company’s The first HPC transaction Analysts Reginald Smith and Charles Pearce wrote that with Coreweave announced last summer, the terms and purchase price appear to be one-off.
Coreweave said Monday Agree to purchase According to the recent closing price, the core science of all stocks evaluates Bitcoin miners in all stock trading at about $20.40 per share.
Analysts at the bank noted that Core Science ended at about 25% off the day the acquisition was announced. Given the expected closure at the end of the year, analysts say this seems appropriate.
B.Riley’s core science fell from buying to neutral, with a price target of $17, the broker said in a research note on Wednesday.
The investment firm said its price targets take into account the volatility of Coreweave stock, which is expected for the six-month period.
Read more: CoreWeave’s all-stock bid could attract shareholder scrutiny: KBW
