CoreWeave with rebound potential: Q3 revenue more than doubled, profitability increased. Compass Point initiates with a buy recommendation and target price of $150 (+75%)
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The stock of CoreWeave (CRWV;i) recently faced a significant decline. The company operates a hyperscale AI cloud that includes hardware (Compute, Storage, Network) optimized specifically for AI workloads, along with a suite of proprietary software products. This includes the orchestration platform "Mission Control" and the newly launched "CoreWeave AI Object Storage," which enables fee-free data transfers and significantly reduces costs. The customer base and applications are continuously diversifying, focusing on high-performance AI data centers....
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