Bernstein Maintains $17 Target on Core Scientific Shares

Investment bank Bernstein released its outlook for Core Scientific, reaffirming an outperform rating and a $17 share target. Although the stock recently dropped 30%, analysts remain optimistic about the firm’s leadership in AI computing and crypto mining.

Core Scientific commands access to 1.3 GW of power capacity and holds a 12-year contract with CoreWeave. Bernstein estimates a 12–18 month window for miners to pivot into AI while market demand remains high.

Experts consider the current price dip as a potential entry point, cautioning, however, that Bitcoin volatility and rising electricity costs still pose substantial risks.