Goldman Sachs initiated coverage of CoreWeave (CRWV) with a Neutral rating and $54 price target The rating balances the “uniqueness” of the asset with the absence of a wide cohort of public pure-play generative artificial intelligence peers and “weak market reception to leverage or Gen-AI,” the analyst tells investors in a research note. The firm says that given CoreWeave’s relative short operating history and current macro uncertainty, the company will need to deliver consistent execution across the following for the stock to break out of its current range.
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