Matthew Sigel: Goldman Sachs upgrades CoreWeave to buy with $106 price target

Matthew Sigel: Goldman Sachs upgrades CoreWeave to buy with $106 price target
Goldman Sachs upgrades CoreWeave to buy

Goldman Sachs has upgraded CoreWeave from neutral to buy and set a price target of $106, down from its previous target of $139. The investment bank noted that CoreWeave shares have declined 43% since August 11, following second-quarter earnings, and dropped 24% in the last five trading days, which Goldman Sachs attributes to ongoing volatility in the credit market.

Matthew Sigel reported the upgrade and related commentary from Goldman Sachs.

Matthew Sigel previously reported that FRMI gained 20 percent after AMD backed a Project Matador lease, while CIFR fell 10 percent following an $850 million convertible bond deal here. In a separate update, Sigel noted BTDR's new 8-year lease for a Malaysian facility, securing 333.5MW of its 350MW target for the first quarter of 2028 here. These recent market moves highlight continued activity among sector peers.

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