Needham downgraded CoreWeave (CRWV) to Hold from Buy without a price target. The firm believes the company’s Core Scientific (CORZ) acquisition is a strategic fit and can unlock an estimated 150-200 MW of additional capacity for artificial intelligence workloads. However, Core Scientific’s valuation is full at current share levels, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRWV:
- Core Scientific downgraded to Hold from Buy at Needham
- CoreWeave’s (CRWV) $9B Deal Highlights the AI M&A Wave That’s Sweeping 2025
- How CoreWeave’s (CRWV) GPU-Backed Debt Strategy Inspired AI Startups to Borrow Big
- Mixed options sentiment in CoreWeave Inc with shares up 2.2%
- Roth MKM Internet/capital markets analyst holds analyst/industry conference call