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HSBC Reiterates Reduce Rating on CoreWeave (CRWV), 'Expensive valuation'

October 20, 2026 8:43 AM EDT

HSBC analyst Abhishek Shukla reiterated a Reduce rating and $39.00 price target on CoreWeave (NASDAQ: CRWV).

The analyst comments "On our estimates, CoreWeave trades at 2030e EV/non-GAAP EBIT after share-based compensation of 14.7x vs hyperscalers at 7-11x. The... More