Jeffray Investment Bank raises Bitcoin mining company Core Scientific's target price to $22 Jefferies Investment Bank has released a report stating that the proposed merger of Bitcoin mining company Core Scientific (CORZ) and CoreWeave is facing valuation deviation issues, and if CoreWeave's stock price remains low, it may lead to shareholders refusing to trade. The report raised the CORZ target price from $16 to $22 to reflect the impact of the acquisition. In addition, if CoreWeave's stock price does not rebound before the vote, the trading terms may need to be renegotiated, including increasing the exchange ratio or introducing price protection mechanisms. CORZ's current stock price is around $14.40, with significant upward potential compared to the target price.