Dow, S&P 500, Nasdaq rebound, oil slips as Israel-Iran conflict enters 4th day
From Yahoo Finance: 2025-06-16 12:52:00
Bank of America analyst Brad Sills downgraded CoreWeave stock to Neutral, citing high valuation post-Q1 results showing a 145% run-up. Trading at 27 times 2027 earnings with significant debt, Sills forecasts $21 billion negative FCF through CY27. Despite downgrade, Sills raised price outlook to $185 from $76; stock rose 4.6% Monday.
CoreWeave, an Nvidia-backed firm, reported strong Q1 results as a public company in May, with soaring revenue and bullish outlook on a $4 billion deal with OpenAI. Analysts question risky business model despite stock’s 100% rise since IPO.
Read more: Dow, S&P 500, Nasdaq rebound, oil slips as Israel-Iran conflict enters 4th day