CoreWeave price target raised to $50 from $41 at Wells Fargo

Wells Fargo analyst Michael Turrin raised the firm’s price target on CoreWeave (CRWV) to $50 from $41 and keeps an Equal Weight rating on the shares. The firm says shares have already priced in near-term optimism regarding hyperscale supply shortages, perhaps more consequential than Q1 EPS. Long-term AI supply/demand uncertainty-and now macro concerns-likely keep shares range-bound for now, Wells adds.