Cantor Fitzgerald analyst Thomas Blakey initiated coverage of CoreWeave (CRWV) with an Overweight rating and $116 price target As an enabling software-driven AI-focused hyperscaler, CoreWeave should benefit from secular growth trends in AI, specifically large language model training and inference-based usage, the analyst tells investors in a research note. Cantor further cites relatively unique demand and top-line growth setup for CoreWeave in the coming years, creating longer-term customer concentration, financing, and power-related execution risks. The analyst also notes the stock’s attractive valuation of 7-times on enterprise value to expected forward revenue basis vs. infrastructure software coverage group average of 8.0-times.
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