Home / Business and Economy / Macquarie Boosts CoreWeave Target to $125
Macquarie Boosts CoreWeave Target to $125
13 Apr
Summary
- Macquarie upgraded CoreWeave stock from Neutral to Outperform.
- CoreWeave and Anthropic announced a multi-year AI model agreement.
- CRWV shares were up 10.73% at $112.94 at publication time.
CoreWeave's stock is demonstrating considerable strength, highlighted by a recent upgrade from Macquarie. Analyst Paul Golding moved the stock from Neutral to Outperform, increasing the price target to $125 from $90. This analyst action is largely attributed to CoreWeave's announcement of a multi-year partnership with Anthropic.
This collaboration aims to support the development and deployment of Anthropic's Claude family of AI models. CoreWeave stock currently holds a consensus Buy Rating, with an average price target of $124.33 from various analysts. Recent price activity shows CRWV shares up 10.73% at $112.94 at the time of reporting.
Technically, CoreWeave stock is trading significantly above its 20-day and 100-day simple moving averages, signaling robust short-term demand and a positive intermediate trend. The MACD indicator also suggests ongoing upside momentum. However, a mixed backdrop with short-term moving averages below longer-term ones indicates potential for sharper pullbacks if market sentiment shifts.
