U.S. stock market anomaly | CoreWeave (CRWV.US) rises more than 8%, Citigroup raises its rating to "Buy"
According to the Wall Street Journal app, on Thursday, CoreWeave (CRWV.US) saw a surge in stock price, with the stock rising over 8% to $119.95 as of the time of writing. In terms of news, Citigroup upgraded CoreWeave from "neutral" to "buy" with a target price of $160, citing strong financial performance from Microsoft. The bank noted that CoreWeave's existing long-term contracts with Microsoft, OpenAI, and other companies will drive revenue growth.
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