Add as a preferred source on GoogleCitigroup Analyst Cuts CoreWeave Target as Tokenized Stock Futures Stay Below Averages
Citigroup analyst Tyler Radke lowered his CoreWeave target to $128 from $159 on Nov. 4 and maintained a Buy rating. Binance futures track a separate CoreWeave Tokenized Stock contract.
Binance futures for CoreWeave Tokenized Stock (CRWV) traded below five moving averages Saturday, while Citigroup analyst Tyler Radke had lowered his CoreWeave price target to $128 from $159 on Nov. 4.
Radke maintained a Buy rating. His target is for CoreWeave, while the Binance quote reflects a separate futures contract tied to its tokenized stock.
At 11:53 a.m. ET (16:53 UTC) Saturday, the contract traded at $46.16, down 0.56% on the session. Its 24-hour range was $43.20 to $49.14, and volume was $45,306,113. The quote was just below its $46.17 pivot.
The contract was below its seven-day, 20-day and 50-day simple moving averages, as well as its 12-day and 26-day exponential moving averages.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.