Goldman Sachs Upgrades CoreWeave, Sees 73% Upside Potential

Goldman Sachs upgraded CoreWeave to Buy on Monday, pointing to 73% upside potential after a steep sell-off in the AI infrastructure company's shares since Aug. 11. Goldman Sachs analyst Gabriela Borges changed the rating from Neutral to Buy and set a $106 price target, down from $139. CoreWeave shares had fallen 43% since Aug. 11, including a 24% drop over the five trading sessions before the upgrade. Borges believes investors are overestimating the company's future capital costs while underestimating the potential for investment returns to improve.

Source: TokenPost