Northland raises CoreWeave price target to $200 and names it a top pick

Northland Securities raised its CoreWeave price target to $200 from $165 and kept its Outperform rating, naming the stock a top pick among neocloud providers. The analyst credited margin expansion and said CoreWeave's enterprise-value-to-contracted-revenue multiple is the most attractive in the group. The note followed the Fully Connected conference, where Forge launched.

• Price target raised to $200 from $165; rating Outperform
• Named a top pick among neocloud providers
• Cites margin expansion and the enterprise value to contracted revenue multiple