CoreWeave stock slides in premarket as Wells Fargo sticks with $125 target ahead of earnings
CoreWeave shares fell about 8% to $89.25 in premarket trading Monday ahead of its Feb. 26 earnings report. Wells Fargo reiterated an Overweight rating and $125 price target, while HSBC cut its target to $41 last month. Investors are watching Nvidia’s results this week and looking for updates on CoreWeave’s contracted revenue and power capacity.