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CoreWeave Stock Jumps on Upgrade. Why Citi Analyst Says Buy. - Barron's

1. CRWV stock upgraded to Buy by Citi Research from Neutral. 2. Citi maintains a price target of $160 with 56% upside. 3. Microsoft's strong earnings fueled confidence in AI demand for CRWV. 4. 72% of CoreWeave's revenue relies on Microsoft, indicating customer risk. 5. Despite recent drops, AI demand signals a potential recovery for CRWV.

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FAQ

Why Bullish?

The analyst upgrade and strong outlook suggest investor confidence and upside potential, influenced historically by prior upgrades leading to stock rallies in tech sectors.

How important is it?

Analyst upgrades are typically significant for stock movements; the high revenue reliance on Microsoft can introduce volatility.

Why Long Term?

Expectations for AI growth in 2026 indicate sustained demand, similar to past technology cycles where early confidence drove long-term performance.

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