CoreWeave Stock Is Soaring Monday: What's Going On?
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CoreWeave's stock surged 4.38% to $128.41 following the announcement of a $1.5 billion private offering of senior notes due 2031, aimed at funding corporate purposes and debt repayment. Barclays analyst Raimo Lenschow raised the price forecast from $100 to $140, maintaining an Equal-Weight rating. In contrast, HSBC's Abhishek Shukla initiated a Reduce rating with a $32 forecast, citing concerns over CoreWeave's reliance on key clients like Microsoft and OpenAI. Despite a 264% gain over three months, the stock has declined over 26% in the last 30 days.
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