Goldman Sachs upgraded CoreWeave from neutral to buy, considering last week’s 25% sell-off overblown. The bank cut its price target to $106 from $139, but still sees nearly 73% upside from Friday’s close. CoreWeave has taken on more than $51 billion in debt to finance its AI infrastructure. Analyst Gabriela Borges highlights that the company primarily uses asset-backed delayed draw term loans rather than traditional corporate debt, keeping its cost of capital competitive. Of the 45 analysts covering the stock, 31 recommend a buy or strong buy.
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