On September 24, CoreWeave, Inc. rose 4.26% in regular trading, trading at $90.665/share, with turnover of $1.865 billion. The rally was driven by a wave of bullish analyst actions.

JPMorgan upgraded CoreWeave from Neutral to Overweight, raising its price target from $120 to $125. Separately, UBS initiated coverage with a Buy rating and a $120 target, calling it a non-consensus positive call. UBS noted the Street may be under-appreciating AI compute demand durability and GPU pricing trends, highlighting that the stock trades at just three times revenue — well below peers such as DigitalOcean and Nebius. UBS acknowledged credit concerns but concluded they are peaking.

Additionally, reports emerged that NVIDIA is expanding its partnership with CoreWeave, including deploying its new Vera CPU on CoreWeave's cloud platform. CoreWeave also recently completed a $4.2 billion convertible notes offering at 2.875%, and disclosed Q3 short-term contracts priced at $40 million per megawatt, with total contracted power rising to approximately 4.2 gigawatts.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)