CoreWeave price target raised to $70 from $46 at Mizuho

Mizuho raised the firm’s price target on CoreWeave (CRWV) to $70 from $46 and keeps an Outperform rating on the shares. CoreWeave reported a “robust” first quarter as a public company, the analyst tells investors in a research note. The firm believes the company is positioned to capture meaningful share of an artificial intelligence cloud provider market growing at a “server-melting pace.” It finds the stock’s valuation reasonable for CoreWeave’s “incomparable growth.”