CoreWeave initiated with an Equal Weight at Wells Fargo

Wells Fargo initiated coverage of CoreWeave (CRWV) with an Equal Weight rating and $41 price target While the company is capitalizing on the shift towards artificial intelligence infrastructure, Wells is “more balanced” on the sahres given a series of risks, including customer concentration, high capital intensity, and continued imbalance of supply/demand for GPUs, the analyst tells investors in a research note.