Why Did CRWV Stock Surge More Than 8% Today?

• All analysts cited the AI cloud company’s recent mega deals as catalysts for the target boosts. 
• DA Davidson raised the price target on CoreWeave to $175 from $125 and kept a ‘Buy’ rating on the shares, representing an upside potential of about 58.7%. 
• Last week, CoreWeave announced two major deals; one with Anthropic, and another with Meta, prompting the increased Wall Street attention.

CoreWeave Inc. (CRWV) stock surged five sessions straight and closed up more than 8% on Monday, amid a series of Wall Street updates over its recent deals with mega technology companies.

DA Davidson raised the price target on CoreWeave to $175 from $125 and kept a ‘Buy’ rating on the shares, as per TheFly. The target boost represents an upside potential of about 58.7%.

The stock continued its upward momentum in after-hours trading, rising about 1.4% at the time of writing.

How Much Upside Does Wall Street See?

Apart from DA Davidson, Bank of America and Roth Capital also increased price targets on CoreWeave.

BofA raised its price target on the company to $120 from $100 and kept a ‘Buy’ rating on the shares, while Roth Capital raised the price target to $135 from $110 with a ‘Buy’ rating.

All analysts cited the AI cloud company’s recent mega deals as catalysts for the target boosts. DA Davidson said CoreWeave’s Anthropic and Meta Platform Inc. (META) announcements last week highlighted incrementally positive signs that the company is becoming the neocloud of choice for the frontier labs.

Meanwhile, BofA said CoreWeave’s recent contracts with Nebius (NBIS) underpins the firm's constructive outlook for AI infrastructure demand. The analyst also said it is increasing the FY27 and FY28 revenue growth estimates to 94% and 50% year-over-year, respectively, reflecting the latest deals with Meta and Anthropic.

Roth Capital also called the company’s deals with Meta and Anthropic “unusual and remarkable,” even by AI standards.

As per data from Koyfin, analysts have a 12-month average price target of $123.50 on the stock, indicating an upside potential of about 12% from the stock’s closing price. 21 out of 33 analysts covering the stock have a rating of ‘Buy’ or higher.

Coreweave’s Mega Partnerships

Last week, CoreWeave announced two major deals. The New Jersey-based company said it had entered into a multi-year partnership with Anthropic to scale the adoption of its AI models.

The company also unveiled a $21 billion expansion of its deal with Meta to provide AI infrastructure through 2032. Earlier, CoreWeave also expanded its partnership with OpenAI, a deal that grew from an initial $11.9 billion contract to $22.4 billion at present.

Retail Stance

On Stocktwits, retail sentiment around CRWV stock was in the ‘extremely bullish’ territory at the time of writing, amid ‘extremely high’ message volumes.

One bullish user noted that nine out of 10 of the top AI companies had contracts with CoreWeave, adding that this made the stock a “buy and hold.”

CRWV stock has surged more than 152% in the past year.

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