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CRWV
Benzinga
96 days

These Analysts Boost Their Forecasts On CoreWeave After Q1 Results

1. CoreWeave reported Q1 revenue of $981.63 million, exceeding estimates. 2. Total revenue increased 420% year-over-year, indicating strong growth. 3. The company has a backlog of $25.9 billion in revenue. 4. Analyst price targets have been raised, reflecting positive outlook. 5. Shares fell 2.1% to $66.02 post-earnings announcement.

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FAQ

Why Bullish?

Despite short-term share price drop, robust revenue and future growth prospects should drive long-term value. Historical examples show positive price movements following upward revisions in analyst targets.

How important is it?

The strong earnings report indicates CRWV's potential for continued growth, making the news quite impactful.

Why Long Term?

The consistent growth in revenue and strategic wins like OpenAI partnership suggest sustained future performance, akin to previous tech growth stories.

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