Shares of CoreWeave Inc (NASDAQ:CRWV) tanked in early trading on Friday, after the company reported mixed fourth-quarter results.
Here are the key analyst insights:
- DA Davidson analyst Alexander Platt maintained a Buy rating, and raised the price target from $110 to $125.
- Cantor Fitzgerald analyst Thomas Blakey reaffirmed an Overweight rating and price target of $131.
- Needham analyst Mike Cikos reiterated a Hold rating on the stock.
Check out other analyst stock ratings.
DA Davidson: CoreWeave reported total revenue of $1.6 billion, representing 110% year-on-year growth, Platt said in a note. The company’s revenue backlog grew to $66.8 billion, mainly due to an additional contract from Meta Platforms Inc (NASDAQ:META) valued at around $5 billon, he added.
CoreWeave reported strong earnings, driven by …