🚀 CoreWeave-Core Scientific Deal Poised to Smash $30/Share – Analysts Bullish

Wall Street's crystal ball gazers are placing big bets on CoreWeave's rumored takeover of Core Scientific—and the numbers don't lie.

The AI-powered gold rush: With hyperscalers scrambling for GPU capacity, this potential deal's pricing could rewrite the rulebook for infrastructure plays. $30/share isn't just a target—it's a starting gun.

Short sellers sweating: The same analysts who called Bitcoin's 2024 bottom now see this as a sector-defining move. Funny how 'overvalued' suddenly becomes 'strategic acquisition' when hedge funds need cover.

One thing's certain: in the land of cloud infrastructure M&A, the house always wins—but this time, shareholders might grab a seat at the table.

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CoreWeave is a cloud-computing and artificial intelligence (AI) infrastructure company. CRWV also leases access to Nvidia’s (NVDA) graphic processing units (GPUs) to big tech clients. On the other hand, Core Scientific provides Bitcoin mining and hosting facilities in North America. The two companies do share a long-term partnership, in which Core Scientific supplies large amounts of data center space and power to support CoreWeave’s high-performance computing (HPC) needs and AI workloads.

Aftahi Says the Acquisition ‘Makes a Lot of Sense’

Analyst Aftahi says that CoreWeave acquiring Core Scientific “makes a lot of sense” because it WOULD prove highly beneficial to the company. Primarily, it would add more capacity to CoreWeave and eliminate the hefty annual lease payment of $850 million from its expenses. It would also mean that CoreWeave would own its data centers outright.

Notably, Aftahi’s “rudimentary accretion/dilution analysis” suggests that CoreWeave could end up paying up to $38 per share for the deal. Aftahi kept his Buy rating and $20 price target on CORZ stock, which implies 22.3% upside potential from current levels.

Knoblauch Says CoreWeave Could ‘Save Several Billion Dollars’

According to Knoblauch, CoreWeave is set to pay roughly $15 billion to $16 billion to Core Scientific over their 12-year partnership. These payments will go toward capex and lease expenses for utilizing Core Scientific’s data centers and power. The analyst noted that even after making these massive payments, CoreWeave will not retain ownership of the data center infrastructure.

Thus, Knoblauch believes that the acquisition makes sense and that CoreWeave would not mind paying a significant premium for buying CORE Scientific and still “save billions of dollars.” Knoblauch has a Buy rating on CORZ stock and $18 price target, which implies 10% upside potential from current levels.

Is Core Scientific a Good Stock to Buy?

On TipRanks, all 12 analysts who currently rank CORZ stock have given it a Strong Buy consensus rating. Also, the average Core Scientific price target of $17.83 implies nearly 9% upside potential from current levels.