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The sharp target reduction is a negative analyst signal, though the revised target still implies upside from the posted price.
What happened, with direct paths to the underlying reporting
Morgan Stanley lowered its CRWV price target from $99 to $70. The target remains above the posted price of $55.60, but the sizable reduction is a bearish revision.
Target: $70
Posted price: $55.6
Analyst firm: Morgan Stanley
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