$CoreWeave, Inc.(CRWV)$ $NEBIUS(NBIS)$ ππππ¨ Stifel Downgrades $CRWV to Hold from Buy, Raises PT to $115 from $75
Analyst comments: "CoreWeave and Core Scientific $CORZ announced the signing of a definitive agreement under which CRWV plans to acquire CORZ for $20.40 per diluted share, funded via all stock through a 0.1235 fixed exchange ratio. The transaction size is to be determined at close, but is estimated at approximately $9 billion. CRWV noted that the acquisition would help the company progress to a vertical supplier of data center infrastructure for AI and high-performance compute with roughly 1.3 GW of gross power post-close and with a potential 1 GW+ of potential incremental power available for expansion, longer term.
While we are positive on the longer-term benefits from the acquisition, we think there are key near-term overhangs for CRWV to pass. Consequently, we move to the sidelines on the name for now, as we downgrade CRWV to Hold. We raise our target price to $115 from $75."
It's holding above the 20-day moving average and going sideways!
Just had a tight inside candle today.
I'm not sure how I feel about this setup, this definitely isn't a fat pitch IMO
Looking for a break out out of this range.
$NBIS is expected to grow way faster than $CRWV over the next 2 yearsβ
β’ $CRWV had an incredible growth trajectory in 2023 and 2024. However over the next two years $NBIS' growth is expected to surpass $CRWV.
β’ We should pay businesses only for their financials prospects and not their glorious past. Therefore, $NBIS looks more attractive in terms of growth.
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