CoreWeave (CRWV): New Buy Recommendation for This Technology Giant
In a report released today, Tal Liani from Bank of America Securities assigned a Buy rating to CoreWeave, with a price target of $120.00.
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According to TipRanks, Liani is a 5-star analyst with an average return of 8.3% and a 55.27% success rate. Liani covers the Technology sector, focusing on stocks such as Cisco Systems, Ciena, and Microsoft.
In addition to Bank of America Securities, CoreWeave also received a Buy from Northland Securities’s Nehal Chokshi in a report issued today. However, on April 10, Stifel Nicolaus maintained a Hold rating on CoreWeave (NASDAQ: CRWV).
Based on CoreWeave’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.57 billion and a GAAP net loss of $451.73 million. In comparison, last year the company earned a revenue of $747.43 million and had a GAAP net loss of $51.37 million
Based on the recent corporate insider activity of 239 insiders, corporate insider sentiment is neutral on the stock. Last month, Magnetar Financial Llc, a Major Shareholder at CRWV bought 375,000.00 shares for a total of $15,000,000.00.
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