Oppenheimer raised its price target for CoreWeave (CRWV) to $150 from $140. The firm maintained its Outperform rating based on faster-than-expected capacity expansion. Analysts expect the company to materially raise its 2026 revenue guidance. Oppenheimer anticipates the global shortage of AI data center capacity will persist for several years.
Cathie Wood’s Ark Invest purchased CoreWeave shares after the stock dipped on reports of OpenAI missing internal targets. CoreWeave and Oracle publicly reiterated their support for OpenAI following the news. Recent filings show increased investment from institutional holders including Concurrent Investment Advisors LLC and Arizona State Retirement System.