CoreWeave’s stock ($CRWV) rose approximately 4% at the market open, building on an 8% gain from the previous day following upgrades from Macquarie and BofA. Macquarie upgraded the stock to Outperform with a target price of $125, while BofA raised its target to $120, acknowledging significant contracts, including a $35 billion multi-year agreement with Meta extending through 2032 and a new deal with Anthropic. Notably, nine of the top ten AI model providers now utilize CoreWeave’s infrastructure platform, which strengthens its position in the AI market.
BofA: Bank of America is a leading U.S. financial institution providing investment banking, wealth management, and market research services. Its analysts cover high-growth sectors including AI and cloud computing. BofA recently raised its price target for CoreWeave following announcements of key AI infrastructure contracts.
Meta: Meta Platforms develops social media platforms and advances AI technologies for content generation and metaverse applications. It relies on specialized cloud providers for training large AI models. Meta entered a long-term contract with CoreWeave extending through 2032 to support its AI data center needs.
Anthropic: Anthropic builds advanced AI systems with a focus on safety and alignment, developing models like Claude for enterprise and research use. It partners with cloud infrastructure providers to scale model training. Anthropic recently signed a new deal with CoreWeave, contributing to broad adoption of the platform by top AI model developers.
Macquarie: Macquarie Group operates as a global investment bank specializing in asset management, infrastructure financing, and capital markets advisory. Its equities research team evaluates technology and AI infrastructure stocks. Macquarie recently upgraded CoreWeave to Outperform rating, highlighting major client deals with leading AI firms.
Platform Reach: Nine of the top ten AI model providers now operate on CoreWeave’s infrastructure platform.
Major Contracts: CoreWeave secured a multi-year deal with Meta through 2032 and a fresh agreement with Anthropic.
Analyst Upgrades: Macquarie upgraded CoreWeave to Outperform while BofA raised its target, citing strengthened client relationships in AI.