BofA raised the firm’s price target on CoreWeave (CRWV) to $140 from $120 and keeps a Buy rating on the shares ahead of the company’s Q1 report due after the close on Thursday, May 7. Into the report, the firm points to two areas to watch: progress in activating data center capacity and translating it into RPO conversion, and the trajectory of margins, the analyst tells investors in a preview.
Claim 55% Off TipRanks
New trading tool for CRWV bullsPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRWV:
- Banks look to offload parts of AI-driven data center debt exposure, FT says
- SHOP, LHX, CRWV, AMD: Cathie Wood Bets on E-commerce and Defense Stocks, Sells CoreWeave and Advanced Micro Devices
- CoreWeave price target raised to $160 from $120 at Jefferies
- Moderately bullish activity in CoreWeave Inc with shares up 6.0%
- Iren’s Q3 Earnings on May 7: Should You Buy the Stock after a 31% Six-Month Drop?