HSBC Reiterates Reduce on CoreWeave, Maintains $39 Price Target
HSBC analyst Abhishek Shukla reiterates CoreWeave (NASDAQ:CRWV) with a Reduce and maintains $39 price target.
Stocks · News reference
HSBC kept CoreWeave at Reduce with a $39 target, citing neocloud disadvantages, weaker demand, low estimates and debt risks.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
HSBC analyst Abhishek Shukla reiterates CoreWeave (NASDAQ:CRWV) with a Reduce and maintains $39 price target.
Nebius (NBIS) falls 4% premarket on AI financing fears. Track price action, moving average signals, and analyst updates.
CoreWeave (CRWV) hits a new 52-week low premarket as heavy debt worries outweigh strong AI GPU demand and bullish analyst forecasts.
SpaceX stock has rebounded 35% from its August lows following strong Q2 earnings with 92% revenue growth and major business expansions in Starlink and AI. However, the analyst advises against buying at current valuations, citing a P/S ratio of 68 (vs. S&P 500 average of 3.8), lack of profitability, and an upcoming December lockup expiration that could pressure the stock.