CoreWeave reports 2Q margins of 30-35%, Wells Fargo raises price target to $160
CoreWeave reported 2Q contribution margins landing in the 30-35% range, up from mid-20s previously, with price increases beyond cost inflation passthrough and a shift to shorter-duration, higher-monetization deals. Wells Fargo raised its price target on CoreWeave to $160.
Detected & updated continuously · Source: Nebula
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@schaeffers
WELLS FARGO ON $CRWV: "Margin story coming into focus as CRWV highlights 2Q contrib margins landing in 30-35% range (vs mid-20s prior), price increases (more than just cost inflation passthru) & shift to (some) shorter-duration/higher-monetization deals." PT hiked to $160 (from
@iiGoodVibesii
Corweave dominated earnings. NBIS should *very likely* do the same, if not better. Which makes me hesitant, because its so obvious lol