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Goldman Sachs upgraded CoreWeave to Buy from Neutral on October 19, forecasting a potential 73% upside. The upgrade comes after shares fell 43% since August 11, including a 24% decline over the last five trading sessions, due to financing cost concerns and credit market volatility. Analyst Gabriela Borges set a new price target of $106, down from her previous target of $139. Goldman predicts that the company's annual recurring revenue per megawatt and unlevered internal rate of return will trend upward over the next 24 months.
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Key sources
- SOURCE@deitaone“COREWEAVE RAISED TO BUY FROM NEUTRAL AT GOLDMAN; PT $106”x.com
- SUPPORT@tipranks“stock is down 43% since Aug 11 and 24% in the last five trading days, due to ongoing volatility in the credit market”x.com
- SOURCEhuggingnewshuggingnews.com