CoreWeave (CRWV) PT Raised to $155 at Truist Securities

Truist Securities analyst Arvind Ramnani raised the price target on CoreWeave (NASDAQ: CRWV) to $155.00 (from $126.00) while maintaining a Buy rating.

The analyst commented: "CoreWeave delivered an exceptional 2Q across the board, adding nearly 500MW of capacity in the quarter alone, more than any other neocloud operates today. We upgraded CRWV three weeks ago based on our view that broadening demand and incremental upside from conservative GPU assumptions (as well as relative valuation) could drive upside to expectations. We are now seeing these factors materialize in results and see additional tailwinds ahead with 25% pricing increases and 5-10% wider margins on recent contracts. We continue to view CRWV as the leading AI cloud, reiterate Buy, and raise our PT to $155. We will host CRWV management for an investor call on August 18 at 1:05 pm ET."

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