CoreWeave Shares Fall 5.8% as HSBC Maintains Reduce Rating
HSBC maintained its Reduce rating and $39 price target on CoreWeave, according to The Fly. The company’s shares were quoted at $62.14, up 1.67%, at 11:50 a.m. ET on October 20.
AI cloud provider CoreWeave (NASDAQ: CRWV) was trading at $62.14, up 1.67%, at 11:50 a.m. ET on October 20. The cost of its buildout remains a point of concern. The Fly reported that HSBC kept its Reduce rating and $39 price target, while its earnings estimates remained well below consensus.
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