BofA lowered the firm’s price target on CoreWeave (CRWV) to $168 from $185 and keeps a Neutral rating on the shares. Q2 results were solid, “validating that Coreweave remains well positioned as a leading AI infrastructure vendor,” the analyst tells investors in a post-earnings note. However, investors learned little about the status of the Core Scientific (CORZ) deal and speculation on regulatory scrutiny is likely to remain an overhang, while the lockup expires on Friday, which is likely to place pressure on the shares, argues the analyst, who lowered the firm’s target given these near-term overhangs.
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