Huo Xing Finance reports that on October 15, Deutsche Bank recommended buying CoreWeave (CRWV) on dips, maintaining its "Buy" rating and a $150 price target, representing a 128% upside from Wednesday’s closing price. Despite CoreWeave’s stock plunging more than 15%, the bank noted that no fundamental issues with the company itself can explain the sell-off. Analysts highlighted strong demand for AI infrastructure and CoreWeave’s partnerships with NVIDIA, Dell, Meta, and OpenAI.
Deutsche Bank Recommends Buying CoreWeave Amid Unjustified Sell-Off
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Summary
Deutsche Bank recommended buying CoreWeave (CRWV) on weakness, citing strong on-chain data and unjustified selling. The bank maintained its 'Buy' rating and $150 price target, implying a 128% upside. CoreWeave’s stock declined 15%, but the bank sees no fundamental issues. On-chain analysis reveals sustained demand for AI infrastructure and key partnerships with NVIDIA, Dell, Meta, and OpenAI.
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