** Shares of artificial intelligence startup CoreWeave CRWV.O rise 3.5% to $36.66 premarket
** Wall Street brokerages start coverage of the AI infrastructure provider on a broadly bullish note as IPO research quiet period ends
** J.P. Morgan starts with "overweight" rating and $43 PT
** Says CRWV enjoys backing of Nvidia NVDA.O, perhaps benefiting from premier status as a test bed for cutting-edge products
** Barclays starts with "buy" rating and a $48 PT
** Sees upside to CRWV's niche of selling the largest deployments to the most sophisticated customers and building infrastructure quicker than peers
** Goldman Sachs starts with Street-high PT of $54 and "neutral" rating
** "CoreWeave is a leading provider of AI compute at scale, sitting at the cusp of a massive paradigm shift"- Goldman Sachs
** The IPO was underwritten by a syndicate of 18 banks, led by Morgan Stanley, J.P.Morgan and Goldman Sachs
** Stock has fallen 11.4% since its Nasdaq debut last month
(Reporting by Padmanabhan Ananthan)
((Padmanabhan.Ananthan@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.