From TokenPost · · 40s
Goldman Sachs Upgrades CoreWeave to Buy
Goldman Sachs boosts CoreWeave stock with 73% upside potential after steep drop.
In brief
Goldman Sachs boosts CoreWeave stock with 73% upside potential after steep drop. Goldman Sachs upgraded CoreWeave to Buy, citing 73% upside potential after shares fell 43% since Aug 11. Originally reported by TokenPost.
Goldman Sachs upgrade
Goldman Sachs upgraded CoreWeave to Buy on Monday, pointing to 73% upside potential after a steep sell-off in the AI infrastructure company's shares since Aug 11.
Price target change
Analyst Gabriela Borges changed the rating from Neutral to Buy and set a $106 price target, down from $139.
Share price drop
CoreWeave shares had fallen 43% since Aug 11, including a 24% drop over the five trading sessions before the upgrade.
The main idea
Goldman Sachs upgraded CoreWeave to Buy, citing 73% upside potential after shares fell 43% since Aug 11.
