CoreWeave (NASDAQ:CRWV) Shares Gap Up - Here's Why
JPMorgan upgraded the AI infrastructure company to overweight and raised its price target to $125 as analysts cited strong demand and premium short-term contracts.
- On Thursday, JPMorgan upgraded CoreWeave to overweight from neutral, raising its 12-month price target by 4% to $125 from $120. The new target implies nearly 44% upside from Wednesday's close.
- CoreWeave tumbled 13% in the third quarter amid investor concerns over outsized capital expenditures to fund the AI boom, after soaring 39% in the first half. Despite the decline, a triple-digit backlog and fresh AI commitments suggest bears may be underestimating the setup.
- Q2 2026 results on August 11 beat both lines, with revenue of $2.575 billion growing 112.32% year over year and GAAP EPS of-$1.14 topping consensus. Management disclosed more than $25 billion in early Q3 commitments and achieved Nasdaq-100 inclusion.
- Wall Street consensus shows 28 of 41 analysts rating CoreWeave a buy or strong buy, with 11 holds per LSEG data. CoreWeave cut its weighted average cost of debt by nearly 300 basis points, worth about $1.1 billion in annualized savings.
- 24/7 Wall St. price target of $167.84 implies 94.19% upside potential, with bull-case scenarios reaching $172.16. Risks include a securities fraud class action tied to Q4 2025 filing and customer concentration involving Meta and OpenAI.
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CoreWeave Stock Has a Massive AI Catalyst. We See 94% Upside
The post CoreWeave Stock Has a Massive AI Catalyst. We See 94% Upside appeared first on 24/7 Wall St.. CoreWeave (NASDAQ:CRWV) has become the purest public-market bet on AI infrastructure, and after a punishing three-month slide, our model sees the setup skewing sharply to the upside. Our 24/7 Wall St. price target for CoreWeave is $167.84, implying 94.19% upside from the current $86.44 quote. We rate the shares a buy at moderate confidence, giv…
CoreWeave (CRWV) Stock Gets a Vote of Confidence From JPMorgan
TLDR JPMorgan upgraded CoreWeave to Overweight from Neutral and raised its price target to $125 from $120. The new target implies roughly 44% upside from CoreWeave’s current price near $86.90. Analyst Samik Chatterjee pointed to stronger compute pricing, including a 25% price increase across...
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