Stock Track | CoreWeave Soars 5.69% Intraday After DA Davidson Upgrade and OpenAI Fundraise Optimism
Stock Track01-05
CoreWeave, Inc. (CRWV) surged 5.69% during intraday trading on Monday, reflecting strong investor sentiment following a significant analyst upgrade and positive developments tied to its partnership with OpenAI.
The rally was driven by DA Davidson's upgrade of CoreWeave to 'neutral' from 'underperform' and a substantial increase in its price target to $68 from $36. Analysts highlighted the potential completion of OpenAI's $100 billion fundraise as a key catalyst, which could secure CoreWeave's $11.9 billion cloud-computing contract with the AI firm. This optimism overshadowed lingering concerns about the company's long-term financial sustainability.
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