New York, January 5, 2026, 11:27 EST — Regular session
- CoreWeave shares rose after D.A. Davidson lifted its rating to “neutral” from “underperform.” 1
- The stock pared earlier gains, after trading as high as $84.44 on Monday.
- Investors are weighing whether contract growth can outpace a balance-sheet-heavy expansion cycle. 2
CoreWeave shares rose on Monday after D.A. Davidson upgraded the AI cloud company. The stock was up 1.2% at $80.31, after rising as much as 6.5% earlier in the session. 1
The shift matters because the call came from a shop that has been notably skeptical on CoreWeave, which has become a closely watched test case for debt-funded AI infrastructure buildouts. A change in tone from a prominent bear can move positioning quickly, even when the upgrade is not outright bullish. 1
It also lands with the stock still trading well above the new target. D.A. Davidson raised its price target — an analyst’s estimate of where a stock should trade over the next 12 months — to $68 from $36, even as the shares held around $80. 1
Gil Luria at D.A. Davidson kept his caution intact, writing that CoreWeave still faces an “inevitable reckoning.” He has argued the company is generating roughly a 4% return on capital — a measure of profit versus the money invested in the business — against an estimated 9% cost of capital, or the blended cost of funding. 2
Luria pointed to fresh talk around OpenAI fundraising as a factor that could buy time for the model. CoreWeave has signed multiple cloud-computing agreements with OpenAI that total up to $22.4 billion, Reuters reported previously. 2
Broader sell-side positioning remains split. LSEG-compiled data cited in a TradingView report showed 17 of 32 brokerages rate the stock a buy or higher, while 13 recommend holding and two advise selling; the median price target stood at $125.38. 3
CoreWeave went public in March 2025, pricing its IPO at $40 a share and listing on Nasdaq under the symbol CRWV, the company said at the time. It markets itself as an “AI Hyperscaler” with data centers in the U.S. and Europe serving enterprises and AI labs. 4
Monday’s pullback from the highs left traders watching whether the stock can reclaim the mid-$80s area after the early spike. CoreWeave has traded between $79.80 and $84.44 so far on Monday, after opening at $82.95.
But the downside case has not gone away. A law firm, Kessler Topaz Meltzer & Check, said on Sunday it is investigating potential federal securities-law violations tied to the company’s November 2025 update, which it said included a cut to full-year revenue and capital spending forecasts due to data-center capacity limits. 5
Next up, investors will look for clarity on timing and tone of the next quarterly update, especially around contract signings, capacity additions and funding needs. Nasdaq’s earnings calendar currently shows an estimated report date of February 9 for CoreWeave. 6
