Shares of CoreWeave could see a sizable boost over the coming months as demand for hyperscalers ramps up, Citizens said on Tuesday.
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The investment firm initiated coverage of the cloud computing company at an overweight rating.
Analyst Tyler Radke upgraded the artificial intelligence cloud computing stock.
The bank downgraded CoreWeave, which provides infrastructure for artificial intelligence firms, to neutral from overweight.
CoreWeave's stock has risen more than 14% this year, beating the overall market.
JPMorgan is staying bullish on CoreWeave in the leadup to its quarterly results Tuesday after the bell.
The cloud infrastructure provider should gain after giving investors updates on partnerships with major technology players, the…
