Wall Street brokerages on Tuesday began coverage of ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/nvidia-backed” target=”_blank”>Nvidia-backed CoreWeave with broadly bullish views, although the stock has failed to gain traction with investors following a lackluster initial public offering and market debut. Among the thirteen major brokerages covering CoreWeave’s shares, Needham and Stifel set the highest price target at $55, while ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/melius-research” target=”_blank”>Melius Research had the lowest at $40.
The stock, which was priced at $40 in its data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/definition/ipo”>IPO, was last up 6% to $37.58. After the expiration of the industry-required quiet period, the brokerages started…
