BofA raised the firm’s price target on CoreWeave (CRWV) to $120 from $100 and keeps a Buy rating on the shares. Recent contracts of CoreWeave and Nebius (NBIS) underpins the firm’s constructive outlook for AI infrastructure demand, the analyst tells investors. The firm is increasing its FY27 and FY28 CoreWeave revenue growth estimates to 94% and 50% year-over-year, respectively, reflecting expanded commitments from Meta (META) and a new strategic agreement with Anthropic. in a research note.
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