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Story summary
- Goldman Sachs upgraded CoreWeave Inc. (NASDAQ:CRWV) to Buy from Neutral.
- CoreWeave shares rose 6% to $65.37 in morning trading after the upgrade.
- Goldman Sachs lifted CoreWeave’s price target to $139 from $106.
- Q2 revenue grew 112% year over year despite $640 million net interest payments.
- CoreWeave carries about $35 billion of debt versus $5.5 billion of cash.