Citi upgraded CoreWeave (CRWV) to Buy from Neutral with an unchanged price target of $160. The firm also closed its “90-day negative catalyst watch” on CoreWeave with the stock down 45% from its peak. Citi still expects trading volatility around the share lockup expiration on August 15, but views CoreWeave’s fundamentals as stronger post the Microsoft (MSFT) earnings report. It sees accelerating growth for the company in 2026 on ramping contracts and positive artificial intelligence demand.
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