CoreWeave price target raised to $100 from $92 at Mizuho

Mizuho analyst Gregg Moskowitz raised the firm’s price target on CoreWeave (CRWV) to $100 from $92 and keeps a Neutral rating on the shares after the company and Nvidia (NVDA) announced an expansion of their relationship with plans to accelerate the build-out of 5GW of capacity and an incremental $2B equity investment. The firm remains “somewhat more reserved” about the magnitude of potential revenue upside for CoreWeave over the next few quarters in a highly capacity-constrained environment, but adds that today’s announcement provides “incremental confidence in the longer-term trajectory.”