CoreWeave initiated with an Equal Weight at Morgan Stanley

Morgan Stanley initiated coverage of CoreWeave (CRWV) with an Equal Weight rating and $46 price target The company lacks core compares and a volatile macro backdrop may limit investor willingness to expand their valuation parameters, thus limiting near-term upside for the shares, the analyst tells investors in a research note. The firm adds that CoreWeave has significant customer concentration with two customers representing greater than 50% of its 2026 revenue forecast.