CORZ
Core Scientific, Inc. Common Stock
NASDAQ: CORZ · TECHNOLOGY · SOFTWARE - INFRASTRUCTURE
$27.60
+1.40% today
Updated 2026-06-12
Market cap
$8.77B
P/E ratio
—
P/S ratio
24.73x
EPS (TTM)
$-3.36
Dividend yield
—
52W range
$11 – $30
Volume
14.5M
Core Scientific, Inc. Common Stock (CORZ) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed CORZ price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$27.60
Today
Analyst consensus
$28.14
+1.96% · 12M
2030 Base
$84.20
+205.07% future
NPV today
$21.47
@ 35% WACC
21 analysts:
16 Buy3 Hold2 Sell
Management guidance
Core Scientific has not provided explicit revenue targets through 2030 in public guidance. However, management announced a strategic pivot from Bitcoin mining to AI/HPC colocation with 4.5 GW gross power capacity pipeline (current ~1.5 GW operational/near-term). CEO Adam Sullivan indicated aggressive expansion with the $421M Polaris acquisition (440 MW) closing Q3 2026, targeting 1 gigawatt of leasable capacity. The $3.3B debt raise in April 2026 signals confidence in colocation revenue scaling significantly through 2028-2030. Implied guidance is high-teens to high-20s% revenue growth for 2026-2027, moderating thereafter as capacity deployment phases mature.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
CORZ · Core Scientific, Inc. Common Stock · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$30.65
NPV today: $7.82
Base case (2030)
$84.20
NPV today: $21.47
Bull case (2030)
$173.47
NPV today: $44.24
WallStSmart.com
CORZ financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $0.3B | $0.7B | $1.2B | $1.8B | $2.4B | $3.0B |
| Revenue growth | -37.5% | 156.9% | 56.1% | 31.3% | 20.2% | 15.8% |
| Net margin | — | 3.7% | 11.4% | 16.1% | 17.3% | 17.0% |
| EPS | $-0.50 | $0.08 | $0.42 | $0.88 | $1.25 | $1.52 |
| Diluted shares | — | 322M | 326M | 329M | 333M | 336M |
| Net debt | — | $920.52M | $1.46B | $2.27B | $3.35B | $4.70B |
| P/S multiple | — | 11.0x | 11.0x | 11.0x | 11.0x | 11.0x |
| Implied price (base) | — | $21.05 | $36.02 | $53.21 | $69.27 | $84.20 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $3.0B | $3.0B | $3.0B |
| P/S multiple | 5.0x | 11.0x | 21.0x |
| Diluted shares | 336M | 336M | 336M |
| Net debt | $4.70B | $4.70B | $4.70B |
| Implied P/E † | 20x | 55x | 114x |
| 2030 Price | $30.65 | $84.20 | $173.47 |
| NPV @ 35% | $7.82 | $21.47 | $44.24 |
† Implied P/E: Multiples remain elevated across all three scenarios because CORZ is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $84.20 base case
CORZ catalysts and risks
Growth catalysts
+ Polaris DS acquisition closes Q3 2026 (440 MW power capacity addition; $421M deal) — immediately adds colocation revenue visibility
+ 1.5 GW Muskogee campus expansion delivery phases (2026-2028) with pre-contracted customer commitments — hyperscaler deals for AI workloads
+ Pecos, Texas AI data center campus ramp — major customer capacity deployment expected 2027-2028
+ Hyperscaler capex (Meta $60B, Microsoft $80B, Google $35B+ annual AI/data center spend through 2027-2028) supports TAM availability for Core Scientific as colocation provider
+ Transition from legacy Bitcoin mining impairments to recurring, higher-margin colocation revenue recognition — margins should improve 2027 onwards
+ Potential additional M&A or power asset acquisitions to fill 2.5 GW+ gross capacity pipeline through 2030
Key risks
- Execution risk on datacenter expansion: Polaris deal closing, construction delays, customer deployment timelines may slip beyond Q3 2026
- Customer concentration: hyperscaler customers (Meta, Microsoft, Google, etc.) represent majority of forward colocation demand; loss or delay of major customer would materially impact revenue
- Debt burden: $2.16B total debt (including $3.3B notes issued April 2026) reduces financial flexibility if capex overruns or revenue growth underperforms
- Competitive intensity: other pure-play colocation providers (CoreWeave, Lambda Labs, etc.) and hyperscalers' in-house infrastructure capex may cannibalize growth
- Regulatory/power grid constraints: 1.5+ GW buildout requires grid interconnection approvals and stable power pricing; Texas/Oklahoma regulatory changes or grid stress could delay projects
- Bitcoin mining legacy: residual impairments, liquidation of mining rigs at unfavorable prices could suppress near-term profitability and cash flow
- AI demand volatility: colocation TAM depends on sustained hyperscaler AI capex; if demand cools or customer deployments slow, utilization and pricing power erode
Methodology · Core Scientific, Inc. Common Stock 2030 stock forecast model
Core Scientific, Inc. Common Stock 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 21 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (6% cumulative for CORZ by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($4.70B by 2030) |
| 3. Time value | NPV calculated using 35% WACC (CAPM: beta 5.45) |
| 4. Multiple framework | P/S compresses with scale: bear 5.0x / base 11.0x / bull 21.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 21, 2026.
CORZ price target FAQ
What is the CORZ price target for 2030?
WallStSmart's Core Scientific, Inc. Common Stock 2030 base case is $84.20 per share, with a bull case of $173.47 and bear case of $30.65. The NPV of the base case discounted to today at 35% WACC is $21.47.
How is the Core Scientific, Inc. Common Stock 2030 stock forecast calculated?
The CORZ 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the CORZ price target account for dilution?
Core Scientific, Inc. Common Stock is projected to grow diluted share count from 318M to 336M by 2030 (a 6% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 6%.
What is the analyst consensus on CORZ stock?
21 analysts cover CORZ with an average 12-month price target of $28.14. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.