NEW YORK, Jan 8, 2026, 13:07 EST — Regular session
- CoreWeave shares up 1.6% at $78.43 in midday Nasdaq trade
- Wells Fargo keeps a buy call, cuts target price to $125 from $150
- Truist starts coverage at Hold; a Form 144 shows CEO Michael Intrator planning a share sale
CoreWeave shares rose 1.6% to $78.43 on Thursday, after Wells Fargo cut its price target on the AI cloud firm while keeping a buy-equivalent rating. The stock ranged between $76.03 and $79.92. 1
The calls land at a moment when investors are trying to pin down what “AI infrastructure” is worth once you strip out the excitement and look at debt, buildout timing and cash needs. CoreWeave’s shares have swung sharply in recent months, including after the company previously warned of revenue pressure tied to delays in bringing data centers online. 2
CoreWeave runs a cloud platform built for artificial intelligence workloads, leaning heavily on fleets of Nvidia chips. The Livingston, New Jersey-based company has billed itself as a specialist provider as big tech and AI labs race to secure compute.
Truist Securities this week initiated coverage with a Hold rating and an $84 price target, calling the risk-reward “balanced” given leverage and the spending needed to keep adding capacity. Analyst Arvind Ramnani pointed to CoreWeave’s rapid growth, but flagged the cost of feeding that growth. 3
A separate pressure point is insider selling. A Form 144 filed on Jan. 6 showed Chief Executive Officer Michael Intrator planned to sell 61,386 shares, with an estimated market value of about $4.7 million, through Morgan Stanley Smith Barney; Form 144 is a notice required when an insider plans to sell stock under SEC Rule 144. The form also referenced a Rule 10b5-1 plan — a pre-set trading plan — and included a standard representation that the seller “does not know any material adverse information” that has not been publicly disclosed.
On Wall Street, the targets remain scattered even as firms circle similar themes. Analysts polled by FactSet rate the stock “Overweight” on average, with a mean target price around $123.54, MT Newswires reported. 4
CoreWeave’s story is also tied to Nvidia’s supply chain. Reuters has reported Nvidia signed a multi-billion-dollar cloud capacity order with CoreWeave and agreed to buy back unused capacity through 2032, a backstop investors watch when the debate turns to utilization and returns.
But the stock’s swings have made it a proxy for a broader question: how much debt the market will tolerate in exchange for growth, and how fast builders can bring power and data centers online. Any fresh signs of tighter financing or slower AI spending can hit these names quickly. 5
Next up, traders will watch Friday’s U.S. employment report (8:30 a.m. ET) for its knock-on effect on rate expectations and high-growth valuations, with the Federal Reserve’s Jan. 27-28 policy meeting also looming. For CoreWeave-specific catalysts, Nasdaq’s earnings calendar lists Feb. 9 as the expected next report date, though schedules can change.
