Wall Street targets 120% upside for CoreWeave stock after $10 billion wipeout in a week
Photo: Finbold
A Wall Street analyst sees significant recovery potential in CoreWeave (NASDAQ: CRWV) stock after the company lost $10.4 billion in market capitalization in a week. Goldman Sachs upgraded CoreWeave to ‘Buy’ from ‘Neutral’ on Monday, citing the technology company’s potential to generate stronger returns from its artificial intelligence (AI) infrastructure investments despite growing concerns about financing and demand. The banking giant cut its CoreWeave price target to $106 from $139 while upgrading its rating. The revised target implies approximately 120% upside from the stock’s press-time price of $61.
Source: Finbold
