CoreWeave price target lowered to $155 from $180 at Jefferies

Jefferies lowered the firm’s price target on CoreWeave (CRWV) to $155 from $180 and keeps a Buy rating on the shares post the Q3 report. The company reported strong backlog growth but deployment delays with a third-party vendor led to a fiscal 2025 capex guide cut by $8.5B, the analyst tells investors in a research note. The firm says the lost revenue and income should come back in the first half of 2026. The shares trade at an attractive risk/reward considering the upside potential to numbers, contends Jefferies. It cites capacity constraints for the target cut.