JPMorgan Just Upgraded CoreWeave Stock. Here's Why.

JPMorgan analyst Samik Chatterjee says the recent pullback in CoreWeave (CRWV) stock is rather unjustified and represents an opportunity for long-term investors. Chatterjee upgraded the artificial intelligence (AI) infrastructure firm this morning to “Overweight” and raised his price target to $125, which signals potential for a 40% rally from here.

CoreWeave shares have been in a sharp uptrend since late July, but are still down about 35% versus their year-to-date high.