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CoreWeave initiated with a Neutral at Citi

Citi analyst Tyler Radke initiated coverage of CoreWeave (CRWV) with a Neutral rating and $43 price target The company’s “explosive growth” has been driven by strong demand from a highly concentrated customer base, the analyst tells investors in a research note. Citi is impressed with CoreWeave’s growth and first-mover advantage, but says there are factors that lead it to believe the stock will remain range-bound after a strong offering followed by tariff uncertainty.

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