Funding pressure cannot suppress excellent execution; Citi maintains a "Buy" rating on CoreWeave (CRWV.US), with a target price as high as $128.

Zhitong Finance APP has learned that amid a challenging financing and data center construction backdrop, CoreWeave (CRWV.US) delivered a strong third-quarter report card. In a research note, Citi pointed out that CoreWeave achieved broad beats across revenue, capacity, pricing, and profitability, demonstrating "excellent execution within a controllable range." Based on this, Citi maintained its "Buy/High Risk" rating with a target price of $128.