CoreWeave’s pricing hikes spark analyst upgrades and share rally
CoreWeave announced a series of price increases that have lifted its pricing across offerings by about 37.5% since July. Analysts at Truist reiterated a Buy rating with a $165 price target, while DA Davidson raised its target to $175. The stock jumped 4.4% to $91.27 and rose 5.39% in after‑hours trading. The company also reported $40 million annualized revenue per megawatt, $25 billion of new customer commitments and a net interest expense of $640 million.
Why it matters
Truist’s $165 target and DA Davidson’s $175 target suggest analysts expect higher margins to translate into further upside. The share price increase reflects market optimism but the $640 million interest cost highlights debt‑related risk.
Key facts
- 1Pricing across parts of CoreWeave’s offering has increased by roughly 37.5% since July. gurufocus.com
- 2Truist analyst Arvind Ramnani reiterated a Buy rating and a $165 price target. gurufocus.com
- 3DA Davidson lifted its price target to $175. tipranks.com
- 4CoreWeave shares rose 5.39% following the analyst calls. tipranks.com
- 5CoreWeave shares rose 4.4% to $91.27. gurufocus.com
- 6The company reported $40M annualized revenue per megawatt. gurufocus.com
Summary written by AlphAI from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.