CoreWeave keeps falling, Bernstein says it has not hit bottom yet
FROM THE WIRE · SEEKINGALPHA.COM
[Modern interior server room data center. Connection and cyber network in dark servers. Backup, mining, hosting, mainframe, farm, cloud and computer rack with storage information. 3D rendering] Mikhail Konoplev/iStock via Getty Images CoreWeave (CRWV…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishBernstein's target cut and financing concerns weigh on the AI-related stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01The stock fell another 7% by late morning.
- 02Bernstein cut its price target to $51 from $74 and kept an Underperform rating.
- 03The stock has plunged more than 50% over the past six months.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets