Citi analyst Tyler Radke has begun coverage of CoreWeave (CRWV, Financial), assigning the company a Neutral rating with a target price set at $43. Radke acknowledges CoreWeave's remarkable expansion, attributing its rapid growth to high demand from a limited number of key clients.
The analyst highlights CoreWeave's advantage as an early entrant in its market. However, despite these strengths, there are elements that could limit the stock's potential upward movement. The company recently experienced a robust public offering, but ongoing uncertainties related to tariffs might constrain the stock from significant appreciation in the near term.
