Macquarie Is Pounding the Table on CoreWeave Stock with a New ‘Outperform’ Rating. Should You Buy Here?

CoreWeave (CRWV) continues to receive analyst attention after gaining over 46% in the last month. Most recently, it was Macquarie who upgraded the stock from “Neutral” to “Outperform,” mainly on the back of the company’s recent agreements with Meta Platforms (META) and Anthropic. The research house also increased its price target on the stock from $90 to $125. 

Last week, Anthropic disclosed that it was going to lease CoreWeave’s data center capacity in a multi-year deal. Just a day before this, the company had already announced the much-talked-about $21 billion deal with Meta.