Bank of America Raises CoreWeave's Price Target Amid Strong Backlog Growth
Bank of America raised its price target for CoreWeave (CRWV) to $140 from $120, maintaining a 'Buy' rating due to strong demand in AI infrastructure. The company reported Q1 sales growth of 127% year-over-year and a backlog increase to $99.4 billion.
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Topics: AI Infrastructure CoreWeave Earnings Meta Partnership Stock Price Targets