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Wells Fargo Cuts CoreWeave Price Target to $115 from $160

Wells Fargo lowered its price target on CoreWeave to $115 from $160 on November 10, while maintaining an Overweight rating on the stock. The revision trims the bank’s implied valuation for the AI cloud-computing provider by $45 per share. CoreWeave has drawn attention as a listed provider of GPU capacity for AI workloads.

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