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WTHYE
WTHYE
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11-13
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CoreWeave Stock Selloff An 'Over-Reaction,' Says Bullish Analyst
Analyst maintains Buy rating and $180 price target for CoreWeave despite market's reaction to Q3 earnings, citing strong prospects for AI.
CoreWeave Stock Selloff An 'Over-Reaction,' Says Bullish Analyst
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2022-08-26
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\"encouraging prospects,\" according to HC Wainwright analyst Kevin Dede.\nThe CoreWeave ...</p>\n\n<a href=\"https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/11/48812298/coreweave-stock-selloff-on-q3-release-is-an-over-reaction-says-bullish-analyst\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://cdn.benzinga.com/files/images/story/2025/11/12/CoreWeaves-Market-Divide.jpeg?optimize=medium&dpr=2&auto=webp&width=120","relate_stocks":{"LU0234572021.USD":"高盛美国核心股票组合Acc","IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","LU1697837992.HKD":"BGF DYNAMIC HIGH INCOME \"A6\" (HKDHDG) INC","QLD":"2倍做多纳斯达克100指数ETF-ProShares","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0345769631.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) INC","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","NVIW.SI":"NVDA 3xLongSG261006",".IXIC":"NASDAQ Composite","LU0690374615.EUR":"FUNDSMITH EQUITY \"R\" 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ACC","TSYW.SI":"TESLA 3xLongSG261006"},"source_url":"https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/11/48812298/coreweave-stock-selloff-on-q3-release-is-an-over-reaction-says-bullish-analyst","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2583309251","content_text":"Contrary to the market's reaction to CoreWeave Inc's (NASDAQ:CRWV) third-quarter earnings, the results indicated \"encouraging prospects,\" according to HC Wainwright analyst Kevin Dede.\nThe CoreWeave Analyst: Dede maintains a Buy rating and a $180 price target.\nThe CoreWeave Thesis: The company's revenues grew sequentially by 13% to $1.36 billion, while its RPO and revenue backlog came in at $50 billion and $55.6 billion, Dede said in the note.\nCheck out other analyst stock ratings.\nBacklog was up 85% sequentially, driven by \"large-scale, multiyear compute contracts signed with marquee customers,\" including Meta Platforms Inc (NASDAQ:META) and OpenAI, he added.\nCoreWeave's shares tanked 17% after the company reduced fourth-quarter guidance due to a delay in delivering to contract, the analyst stated. \nThe delay is \"only a minor issue not materially affecting next year’s outlook given consistently high demand for compute resources and greater end market acknowledgment of CoreWeave’s AI development prowess,\" he further wrote.\nThe market's response to the release was an \"over-reaction,\" Dede commented.\nCRWV Price Action: Shares of CoreWeave had declined by 0.51% to $87.94 at the time of publication on Wednesday.\nRead More: \nImage: 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