Nvidia-backed CoreWeave gets largely bullish coverage from brokerages

Wall Street brokerages on Tuesday began coverage of Nvidia-backed CoreWeave with broadly bullish views, although the stock has failed to gain traction with investors following a lackluster initial public offering and market debut. Among the thirteen major brokerages covering CoreWeave’s shares, Needham and Stifel set the highest price target at $55, while Melius Research had the lowest at $40.

The stock, which was priced at $40 in its IPO, was last up 6% to $37.58. After the expiration of the industry-required quiet period, the brokerages started…