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Benzinga
Benzinga
Business
Vaishali Prayag

CoreWeave Shares Slide After HSBC Initiates Coverage With Bearish Outlook

CoreWeave HSBC CRWV Microsoft OpenAI
Shanghai,china-oct.21st,2024:,Coreweave,Company,Brand,Logo,On,Phone,Screen

CoreWeave Inc. (NASDAQ:CRWV) shares are trading lower Friday, possibly amid ongoing pressure following a bearish initiation report from HSBC on Friday.

What To Know: The decline follows HSBC’s recent initiation of coverage on CoreWeave with a Reduce rating and a price target of $32, signaling an expected downside of more than 70% from the previous closing price.

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