CoreWeave Stock Could Get Boost From OpenAI Fundraise -- Market Talk
Dow Jones01-05
1152 GMT - Shares in cloud-tech company CoreWeave could get a boost from a big fundraising round for its customer OpenAI, says D.A. Davidson analyst Gil Luria. The analyst upgrades the stock rating to neutral from underperform and raises its price target to $68 from $36. It shouldn't be a foregone conclusion that OpenAI successfully completes its reported $100 billion potential fundraise, but if it does so, it would be able to fulfill all its commitments in 2026, including to CoreWeave. "While this would not change the value destruction inherent in CRWV's business, it would kick the can down the road for the inevitable reckoning," Luria says. (nicholas.miller@wsj.com)
(END) Dow Jones Newswires
January 05, 2026 06:52 ET (11:52 GMT)
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