Barclays raised the firm’s price target on CoreWeave (CRWV) to $60 from $48 and keeps an Overweight rating on the shares. The firm sees upside to CoreWeave’s Q1 results on the back of a “derisked IPO model and ongoing healthy AI demand.” The quarter should provide investors “with another opportunity to address narrative overhangs while getting more comfortable with the business model,” the analyst tells investors in a research note.
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- CoreWeave price target raised to $50 from $41 at Wells Fargo
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