Citi resumed coverage of CoreWeave (CRWV) with a Buy rating and price target of $135, down from $192, following a period of restriction. While the company posted strong bookings growth of 85% quarter-over-quarter on Q3, supply constraints and power-shell capacity delays hurt revenue, the analyst tells investors in a research note. Citi sees a “robust” demand outlook for CoreWeave and says the company’s capacity is on track through Q4.
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