Macquarie Upgrades CoreWeave (CRWV) to Outperform

Macquarie analyst Paul Golding upgraded CoreWeave (NASDAQ: CRWV) from Neutral to Outperform with a price target of $125.00 (from $90.00).

The analyst commented: "We upgrade CRWV to Outperform from Neutral on recent announcements with Meta and Anthropic, suggesting its ecosystem role is becoming structural. We still remain cautious on recontracting of GPUs in out years, but also see diversification in compute becoming core to AI strategies. Recent financings suggest the demand picture, counterparty commitment, contract terms, and broader scarcity see CRWV at investment grade."

For an analyst ratings summary and ratings history on CoreWeave click here. For more ratings news on CoreWeave click here.

Shares of CoreWeave closed at $102.00 yesterday.

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