Rosenblatt reiterates CoreWeave stock Buy rating after pricing update

Rosenblatt has maintained a Buy rating and $250.00 price target for CoreWeave (NASDAQ:CRWV) following the company's announcement of higher contract prices for compute capacity. CoreWeave disclosed plans to raise $6.3 billion in new financing, consisting of a $3.0 billion convertible note and a $3.3 billion at-the-market equity offering.

The firm's debt-to-market capitalization ratio is currently at 0.9, while it operates with a significant debt burden totaling $51.6 billion. CoreWeave's valuation is noted to be at a lower enterprise value-to-EBITDA multiple of 5 times 2027 estimates compared to competitors Nebius and the peer average.

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