Goldman Sachs has upgraded CoreWeave (Nasdaq: CRWV) from Neutral to Buy with a price target of $106. This decision comes despite recent declines in CoreWeave’s stock price, reflecting the bank’s confidence in the company’s future prospects. Goldman Sachs cited the substantial long-term AI infrastructure agreement with Meta and CoreWeave’s considerable contracted power capacity as key factors. This upgrade may reduce market perceptions of CoreWeave’s bankruptcy risk.
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