HSBC warns CoreWeave earnings estimates are too optimistic, $39 target
FROM THE WIRE · FINANCE.YAHOO.COM
The hot takes on what AI buildout CoreWeave's (CRWV) financial future holds continue to pour in from Wall Street. Some on the Street have defended CoreWeave and its debt-using business model. Others have used the stock's rout to move to the sidelines. And then we have HSBC…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishHSBC's target about 34% below current levels could weigh on the CoreWeave stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01HSBC analyst Abhishek Shukla set a $39 price target for the stock.
- 02HSBC estimates 2028-30 non-GAAP EPS 50-70% below consensus.
- 03Yields on CoreWeave bonds are now in the 14-15% range.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
CoreWeave, Inc. Class A Common Stock61.12 USDMarket closedtoday -0.44%Negative HSBC Holdings plc92.96 USDMarket closedtoday -1.70%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets