Truist Securities raised its price target on CoreWeave to $165 from $155, implying nearly 88% upside. The bank maintains its buy rating on the stock. Analyst Arvind Ramnani notes that the company’s pricing power is more than offsetting rising GPU costs. CoreWeave raised prices by 25% in July to counter Nvidia’s GPU cost surge of over 15%. Contribution margins on longer-duration contracts could increase from 24% to approximately 33%.
Source: Read the original article
