Goldman Sachs Has Mixed Feelings About CoreWeave (CRWV)—Here’s Why

CoreWeave, Inc. (NASDAQ:CRWV) is one of the AI Stocks Investors Should Keep an Eye OnOn July 30, Goldman Sachs reiterated the stock as “Neutral” and said that it is standing by its neutral rating ahead of earnings on Aug. 12.

“Since we launched coverage last April, CoreWeave’s financial profile has largely played out (see our initiation report for more details), quieting some of the most draconian bear cases.”

Goldman Sachs Has Mixed Feelings About CoreWeave (CRWV)—Here’s Why

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Goldman Sachs analyst Kash Rangan is both optimistic and cautious on CoreWeave. This is because while it has demonstrated impressive revenue growth, expanding its customer base and capacity, it is also not free from risks.

Some of these risks are significant customer concentration, especially after a substantial deal with OpenAI, depreciation, and high debt levels.

CoreWeave, Inc. (NASDAQ:CRWV) is a cloud platform provider that provides equipment for AI and other computing purposes.

While we acknowledge the risk and potential of CRWV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CRWV and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.