CoreWeave’s stock has quadrupled since the IPO — and that’s just one reason some analysts are cautious

Following a quadrupling for CoreWeave Inc.’s stock since the data-center operator’s initial public offering, one analyst is moving to the sidelines.

Mizuho’s Gregg Moskowitz cut his rating on CoreWeave shares

CRWV to neutral from outperform on Tuesday, writing that their “extremely high volatility presents notable risks” both to positive and negative outlooks. But on the whole, he sees the shares as appropriately valued, while acknowledging “the outsized returns” since CoreWeave’s IPO in late March.