$CRWV Citi Upgrades to Buy PT $160
CoreWeave Stock Is Rising 11%. The AI Play Is a Buy, Citi Says. https://t.co/4GkQOC3rj0
$CRWV downside VPOC taken out (potential demand area) note, CoreWeave is a buy after Microsoft’s strong earnings report, Citi says, PT $160 https://t.co/1wwkEVbjZM
Citigroup raised its rating on CoreWeave to Buy from Neutral, maintaining a $160 price target after the AI-focused cloud-infrastructure company’s shares had fallen roughly 45% from their peak. The bank said CoreWeave’s fundamentals remain solid and that demand for artificial-intelligence workloads is accelerating, a view reinforced by Microsoft’s stronger-than-expected quarterly results earlier this week. Following the upgrade, CoreWeave shares rose about 12% to around $116 in Thursday morning trading, trimming some of the year-to-date decline but still leaving the stock well below Citi’s target.
