Jefferies analyst Brent Thill initiated coverage of CoreWeave (CRWV) with a Buy rating and $51 price target The firm believes the buildout for artificial intelligence is still in the “very early innings” and that CoreWeave is one of the few who has been able to scale and host AI compute reliably. As such, the company is positioned well to capture this opportunity, the analyst tells investors in a research note. While there are concerns over the durability of CoreWeave’s business model, the “unrelenting appetite for AI compute minimizes the downside risks,” contends Jefferies.
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