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.”
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Read More on CRWV:
- CoreWeave price target raised to $75 from $55 at Stifel
- CoreWeave price target raised to $58 from $46 at Morgan Stanley
- CoreWeave price target raised to $76 from $42 at BofA
- CoreWeave price target raised to $60 from $50 at Wells Fargo
- CoreWeave, Inc.: Strong Financial Performance and Market Position Justify Buy Rating