Nvidia-backed CoreWeave gets largely bullish coverage from brokerages

Share via:


Wall Street brokerages on Tuesday began coverage of 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 Melius Research had the lowest at $40.

The stock, which was priced at $40 in its IPO, was last up 6% to $37.58. After the expiration of the industry-required quiet period, the brokerages started…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Nvidia-backed CoreWeave gets largely bullish coverage from brokerages


Wall Street brokerages on Tuesday began coverage of 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 Melius Research had the lowest at $40.

The stock, which was priced at $40 in its IPO, was last up 6% to $37.58. After the expiration of the industry-required quiet period, the brokerages started…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Apple to open its AI models to developers: Report

Apple is preparing to allow third-party developers to...

Tesla lost sales on the left, gained on the...

Billionaire Elon Musk asserted that Tesla has bounced...

Baidu says domestic tech will shield AI push from...

China's Baidu said on Wednesday U.S. export controls...

Popular

Upcoming Events

Gemini is now even smarter – New tools announced...

As Google I/O 2025 gets underway, today's keynote...

Elon Musk says he will cut back on political...

Elon Musk, the richest person in the world...

Google I/O 2025: Three highlights Apple should pay attention...

Much like Microsoft’s Build keynote, Google’s kickoff of...
dsa