CoreWeave price target lowered to $120 from $150 at Mizuho

Mizuho lowered the firm’s price target on CoreWeave (CRWV) to $120 from $150 and keeps a Neutral rating on the shares post the Q3 report. The magnitude of the sales upside was more moderate than CoreWeave’s prior two quarters as a public company, the analyst tells investors in a research note. Meanwhile, the firm says the company’s Q4 guidance was lowered due to infrastructure timing issues for one data center. Mizuho is now “incrementally less optimistic” about CoreWeave’s revenue upside potential over the near term.