** Shares of Nvidia-backed CoreWeave CRWV.O up 4.2% to $106.8 premarket
** Barclays raises co’s PT to $100 from $70, the highest among 18 analysts covering the stock
** We continue to like the role Coreweave is playing in the new GenAI world, says brokerage
** Last week, Aston Martin Aramco announced Coreweave as official AI cloud computing partner
** However, brokerage downgrades co to "equal weight" from "overweight" on concerns over high valuation and absence of near-term growth catalysts, despite strong business momentum
** "We see valuation at levels that could be stretched to move higher off fundamentals in the near term," says Barclays
** As of last close, CRWV had doubled from its March IPO price
** Analysts' average rating is equivalent of "hold"; median PT is $70 - data compiled by LSEG
(Reporting by Rashika Singh in Bengaluru)
((Rashika.Singh@thomsonreuters.com;))
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