Barclays has initiated its coverage of CoreWeave (CRWV, Financial), assigning the company an Overweight rating and setting a price target of $48. This move reflects the firm's confidence in CoreWeave’s leadership position within the burgeoning sector of artificial intelligence-optimized infrastructure as a service.
The analyst from Barclays highlighted CoreWeave’s substantial total addressable market and its strategic advantage as a pioneer in the AI infrastructure domain. The firm's positive outlook is rooted in CoreWeave's ability to capitalize on its early-entry advantage in this rapidly growing industry.
