Morgan Stanley analyst Keith Weiss raised the firm’s price target on CoreWeave (CRWV) to $91 from $58 and keeps an Equal Weight rating on the shares. CoreWeave’s first quarter out of the gate demonstrated strong execution against accelerating customer demand, the analyst contends. A robust demand backdrop, “solid” execution and “impressive” Q1 upside will drive expectations higher, but the upcoming lockup expiration could weigh on shares in the near-term, the analyst added.
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