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The British investment bank Barclays considers buying shares of miners the best strategy for long-term investments. Papers Core Scientific (CORZ), according to bankers, right now are suitable for speculative trading with leverage.
With CORZ currently priced at $1.70, Barclays is valuing $3 by the end of October, with a number of other analysts predicting the stock will rise to $5.97.
Probably, investment bankers are betting on the rise in the price of Core Scientific shares at the time of the publication of the report. The company will release Q3 financials in mid-October, but its summer shift to publishing BTC mining volumes weekly has allowed Barclays to pre-evaluate the health of the miner.
The market has already begun to lay the future positive in the course of CORZ. Papers for the week rose by 22.3%.
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