CoreWeave, Inc. Class A: Hold Rating Amid Strong Revenue but Margin and Debt ConcernsWe remain constructive long- term and are encouraged by today's data points, but see near-term upside capped by the potential CORZ- related dilution and uncertainty, and the pending lock-up expiration on Thursday. TP to $120; remain Hold. Results: CRWV reported a beat on revenue ($1.21bn actual vs. $1.08bn FactSet consensus) and adj-OI ($199.8mn vs. $159.4mn), attributed to strong demand across various available SKUs ranging from the newer GB200 deployments at scale, to older H200, H100 and even A100 compute. Implied adj- EPS (not officially reported), however, was weaker-than-expected (-$0.27 vs. -$0.23), due to higher interest (tied to recent debt raises) and tax expenses.