Coreweave obtains its first demotion since the IPO

Barclays moves to the key on Coreweave after the massive stock rally since its public. The company lowered Coreweave to an equal weight of the overweight on Monday. It has increased its price target to $ 100 per share, compared to $ 70, but that implies an increase of only 3%. Coreweave has been in tears since its first public public call on March 28. Meanwhile, the stock jumped 156.9%. The company estimated its IPO at $ 40 per share. In May only, the shares soared 148%. Analyst Raimo Lenschow said he was optimistic about the long -term stock, but added that the short -term increase was limited. CRWV YTD Mountain Coreweave Stock in 2025. "At the current level, Coreweave is negotiated at a 41x EV / Multiple Cy26 EBIT (assuming ~ 31.4 billion dollars of raw debt in CY26), and although we think that growth remains strong, we are not sure that there are fundamental arguments to push also much higher, A healthy bonus already towards the rest of the space, "said society. "We continue to love the CRWV for its long -term opportunities and its exposure to the Genai theme, but given the assessment and the lack of short -term catalyst, see Limpsid Upside Upstream of here." The IA IA Cloud Company IPA was the largest in the technological sector since 2021. The company has been supported by the Darling Nvidia and rents access to graphic processing units from flea manufacturer to peer technology companies. "It is important not to underment Coreweave as one of the first stories of Pure Game Genai in the software," said Lenschow. "The company addresses a large TAM on workloads of training and inference, and we continue to see a high growth opportunity for the company near and in the medium term, with the growth of income of 420% in Y1 in the proofs of the healthy impetus." Last month, several Wall Street stores issued upward ratings on the stock, after the end of an electricity period. JPMorgan, Bank of America and Barclays were one of those who initiated coverage with a purchase equivalent note. However, Barclays is now the first company on the street to demarize the stock.