Goldman Sachs analyst Kash Rangan raised the firm’s price target on CoreWeave (CRWV) to $61 from $54 but keeps a Neutral rating on the shares after its Q1 results. Earnings missed estates but the stock is holding its 65% price run-up over the past month as investors balance higher-than-expected growth against sequentially contracting RPO, the analyst tells investors in a research note. Goldman adds however that despite the strong execution post-IPO, the firm prefers to remain on the sidelines and await further evidence of consistent execution.
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