Wells Fargo raised the firm’s price target on CoreWeave (CRWV) to $60 from $50 and keeps an Equal Weight rating on the shares. The firm notes the company delivered a big revenue beat and incremental $4B customer expansion, though coming at the expense of FY25 margins. Wells sees near-term benefits as AI demand continues to outpace supply but has long-term questions on how AI landscape evolves.
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