Stock Track | CoreWeave Soars 5.19% in Pre-Market After DA Davidson Upgrade and OpenAI Contract Boost
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CoreWeave, Inc. (CRWV) saw its stock surge 5.19% in pre-market trading on Monday, reflecting strong investor optimism.
The rally follows DA Davidson's upgrade of CoreWeave to 'neutral' from 'underperform' and a significant raise in its price target to $68 from $36. Analysts highlighted the company's $11.9 billion five-year contract with OpenAI, signed in March 2025, as a key driver. The potential completion of OpenAI's $100 billion fundraise was also noted as a positive catalyst for CoreWeave's cloud infrastructure services.
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