CoreWeave’s double-digit surge is blowing away even the most bullish on Wall Street
All eight of the analysts who have a “buy” rating on the stock also have price targets that are well below where the shares currently trade!
Shares of AI cloud computing company CoreWeave broke above the $100 threshold for the first time Wednesday, up double digits on the session. At its intraday peak, the stock was more than 190% above its lowest closing level just one month ago.
The parabolic surge leaves the recently IPO’d firm in an extremely unusual position where all eight of the analysts who have a “buy” rating on the stock also have price targets that are well below where the shares currently trade!
Citi’s Tyler Radke, who more than doubled his price target on the shares to $94 from $43, has a “hold” rating to go along with that top price target. DA Davidson’s Gil Luria, who downgraded CoreWeave to “underperform” from “neutral” following its quarterly results and said the company is “not worth scaling,” has the low price target of $36.
The stock is one of the hottest new toys in the retail trading call casino these days, with bullish options activity far exceeding volumes in bearish bets.
