CoreWeave falls 10.06% on Bernstein price target cut and funding concerns
CRWV CoreWeave Inc
$54.24 -2.46%
View chart & analysis → - 1CoreWeave closed down 10.06% at $55.60.
- 2Bernstein's Madison Reyes cut the price target for CoreWeave from $74 to $51.
- 3Bernstein estimated that CoreWeave will need $85 billion to meet its promised backlog.
So what's the key point?
CoreWeave's stock price closed down 10.06 percent. This happened because experts lowered their expected price for the stock and predicted that a large amount of money will be needed to fulfill orders.
Source The Motley Fool +1 · View original ↗
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