JPMorgan initiated coverage of CoreWeave (CRWV) with an Overweight rating and $43 price target CoreWeave is an artificial intelligence pure play with “extremely rapid” revenue growth, while amassing a “tremendous, high-quality” remaining performance obligation backlog and producing positive, high-teens GAAP operating margin, the analyst tells investors in a research note. The firm adds that CoreWeave enjoys the backing of Nvidia.
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