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Core News Facts
The Nasdaq Composite index has rebounded 50% into a new bull market following a crash earlier this year due to tariffs announced by President Trump. Historically, the Nasdaq has returned an average of 281% during bull markets since 1990.
CoreWeave (NASDAQ: CRWV) completed its IPO on March 28, 2025, and its stock has surged 93% since then, currently trading at $77 with a median target price of $130, indicating a 68% upside. In Q3, CoreWeave reported a revenue increase of 134% to $1.3 billion, with cash from operations over $1.7 billion. Despite a recent 27% drop attributed to lowered revenue guidance, it maintains a price-to-sales ratio of 7.5.
ServiceTitan (NASDAQ: TTAN), which went public on December 12, 2024, has seen a 12% decline since its IPO, now priced at $89 with a median target price of $140, signaling a 57% upside. The company reported a 25% revenue increase to $242 million in Q2 and a tripling of non-GAAP net income to $33 million.
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