BUZZ-CoreWeave gains as DA Davidson upgrades to 'neutral', raises PT

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BUZZ-CoreWeave gains as DA Davidson upgrades to 'neutral', raises PT

Reuters01-05

BUZZ-<a href="https://laohu8.com/S/CRWV">CoreWeave</a> gains as DA Davidson upgrades to 'neutral', raises PT

** Shares of cloud infrastructure firm CoreWeave CRWV.O up 4% at $82.49 premarket

** Brokerage DA Davidson raises PT on CRWV to $68 from $36; upgrades shares to "neutral" from "underperform"

** While a successful $100 bln fundraise by OpenAI is not a forgone conclusion, it now serves as a potential positive catalyst for CRWV if completed - DA Davidson

** CoreWeave had signed a five-year contract worth $11.9 billion with OpenAI in March 2025, to provide cloud computing services

** Seventeen of 32 brokerages covering the stock recommend a rating of "buy" or higher, 13 recommend "hold", and 2 recommend sell; stock has a median PT of $125.38 - LSEG-compiled data

** Up to last close, CRWV had gained ~11% YTD

(Reporting by Arnav Mishra in Bengaluru)

((Arnav.Mishra@thomsonreuters.com;))

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