BUZZ-CoreWeave stock surges; UBS assigns a "Buy" rating

September 23 - ** Cloud computing company CoreWeave (CRWV.O) shares rose 1.3%, closing at $81.91

** UBS initiated coverage of the stock with a “Buy” rating; target price set at $120, representing a 38.3% upside from the previous closing price

** The brokerage stated that the market may be underestimating the strength and durability of AI computing demand as well as GPU pricing trends; and that the company has already built a strong reputation for reliability and performance

** UBS pointed out major risks including CRWV’s high leverage, significant customer concentration, fierce competition in the AI compute hosting market, and bottlenecks in building new data centers

** The average rating of 41 analysts is “Buy”; the median target price is $150—data compiled by LSEG

** As of the last close, the stock had risen 21.2% year-to-date

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