From 24/7 Wall St. · David Moadel · · 50s
CoreWeave Jumps 6% on Goldman Sachs Upgrade
Goldman Sachs upgrades CoreWeave to Buy after debt concerns.
In brief
Goldman Sachs upgrades CoreWeave to Buy after debt concerns. Goldman Sachs upgraded CoreWeave to Buy from Neutral, lifting shares 6% to $65.37. Originally reported by 24/7 Wall St..
Goldman Sachs Upgrade
Goldman Sachs upgraded CoreWeave shares to Buy from Neutral in a new research note.
CoreWeave Stock Moves
CoreWeave stock jumps 6% to $65.37 in morning trading after the upgrade.
Nebius Shares Rise
Nebius Group shares rise 7% to $177.35, outpacing CoreWeave gains.
Oracle Stock Gains
Oracle stock edges up 2% to $130.73, trailing neocloud names.
Neocloud Market Context
Large-cap tech stocks rise as Invesco QQQ Trust gains 1.29% in morning trading.
CoreWeave Debt Concerns
CoreWeave's debt load raised concerns after rising bond yields increased borrowing costs.
CoreWeave's Backlog
CoreWeave's signed backlog could convert to revenue but borrowing costs remain a risk.
The takeaway
Goldman Sachs upgraded CoreWeave to Buy from Neutral, lifting shares 6% to $65.37.
