Bank of America downgrades hot IPO and Nvidia derivative CoreWeave, citing valuation
CNBC: Investing
JUNE 16, 2025
"However, with stock trading at 25x CY27e EBIT, a premium to the peer group at 16x, we believe much of the upside is priced in." Skip Navigation Markets Pre-Markets U.S. " CoreWeave went public in late March. CoreWeave's $1.5 billion initial public offering raise marked the largest tech offering on Wall Street since 2021.
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