Goldman Sachs upgraded CoreWeave (NASDAQ:CRWV) from 'neutral' to 'buy' in a report on Monday, setting a $106.00 price target that implies 70.61% upside from the previous close. Goldman cited strong contract economics and scarce permitted data-center capacity. MarketBeat's consensus is 'Moderate Buy' with an average target of $132.40, based on 25 buy, 8 hold and 3 sell ratings. The stock opened at $62.13, well below its 1-year high of $141.79. In the latest quarter, CoreWeave reported a loss of $1.14 per share, narrower than the $1.52 loss expected, and revenue of $2.58 billion, up 112.5% year over year. Insiders sold 5,352,578 shares worth $471,777,344 over the past 90 days.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on themarketsdaily.com ↗
Keywords
CoreWeaveGoldman Sachsanalyst ratingscloud computing
Open a keyword to see other news on the same topic.
Related news
- CoreWeave Jumps 6% on Goldman Sachs Upgrade; Nebius Rises 7%, Oracle Edges Higher
Goldman Sachs upgraded CoreWeave to Buy from Neutral, lifting its shares 6% to $65.37 in morning trading after a debt-driven selloff last week. Nebius Group rose 7% to $177.35 and Oracle edged up 2% to $130.73, while the Invesco QQQ Trust gained 1.29%. Investor concern about CoreWeave's debt centred on rising yields on its bonds, since borrowing funds much of its data center build-out. The article notes that CoreWeave's operating cash flow turned positive in the period ended in June, its active power capacity expanded, and it was selected for inclusion in the NASDAQ 100. The bull case built on its signed backlog and the skeptics' focus on borrowing costs both remain in place after the upgrade.
- CoreWeave stock rebounds on Goldman Sachs upgrade to Buy
Goldman Sachs upgraded CoreWeave (CRWV) to Buy from Neutral and raised its price target from $106 to $139 per share. The stock rebounded 7% on Monday after falling more than 25% last week, as investors worried about its debt-heavy balance sheet and rising interest costs. Nvidia CEO Jensen Huang said the company's cost of capital is decreasing, and retail investors recorded a record net purchase volume over a five-day period on Robinhood. Dan Ives said the revenue backlog of about $104 billion reflects customer commitments and called the sell-off a golden buying opportunity.
- Why CoreWeave, Nebius, and other neocloud stocks are being pounded: Goldman Sachs explains
Neocloud stocks CoreWeave (CRWV) and Nebius (NBIS) have each fallen about 15% in the past five days as investors scrutinize the financial health of the AI infrastructure build-out amid higher-for-longer interest rates. Goldman Sachs said US dollar high-yield AI-related debt spreads widened 25 basis points between Oct. 13 and 14 to a new high of 360 basis points over Treasurys, while non-AI spreads widened just two basis points. The widening is concentrated in AI-related corporate bonds and data-centre project finance, particularly among lower-rated borrowers. Strategist Amanda Lynam expects some near-term reversal of the sell-off but says dispersion across AI-related issuers is likely to remain high.
- AI Cloud Stocks Rise as Musk Calls Overcapacity Talk 'Ridiculous': Nebius and CoreWeave Gain 3%, Oracle Edges Higher
AI cloud stocks rebounded from last week's selloff, with Nebius up 3% to $176.60, CoreWeave up 3% to $63.77 and Oracle up 1%. On SpaceX's Q3 2026 earnings call, Elon Musk called overcapacity talk 'ridiculous' and said hyperscalers keep asking to rent more compute, reversing the tone of his 'Yikes' post on X the week before, which followed rising yields on CoreWeave's bonds. Nebius said it could sell all of next year's planned capacity at current prices and has $37.5 billion in remaining performance obligations, though it faces customer concentration and heavy infrastructure spending. The article suggests financing, especially CoreWeave's reliance on debt, will decide the next move, and that these shares remain volatile.
- CoreWeave Launches AI Security Framework, Pre-Built Robotics Templates
- Investors are questioning neoclouds' business model but Nebius says AI computing prices are rising
Nebius sees AI computing prices rising more than expected, chief revenue officer Marc Boroditsky told CNBC, as investors question the neocloud business model after CoreWeave's borrowing costs spiked. He said Nebius is not carrying the debt CoreWeave has, that its 2027 capacity would sell out if brought online, and that a Tuesday auction showed continued price increases. Crusoe CEO Chase Lochmiller said prices for older Nvidia chips such as A100s and H100s are higher than when they were first deployed. Nebius shares rose after SpaceX reported its AI business revenue jumped to $7.56 billion, with its CFO saying pricing is tracking slightly above the high end of the $30 to $50 per watt range.
Related markets
Latest news
- NVIDIA (NVDA) Is Strengthening AI Conviction Balanced Against Evolving Competitive Risks
The L1 Capital International Fund (unhedged) said in its Q3 2026 investor letter that NVIDIA was a leading contributor. The Fund returned +3.5% net of fees in the September 2026 quarter, beating its benchmark's 1.5% gain despite a stronger Australian dollar, and held 22 investments with the ten largest making up about 63% of assets. It views AI as both an opportunity and a source of uncertainty, and focuses on businesses with durable competitive advantages, earnings and cash generation. NVIDIA closed at $216.47 on October 20, 2026, down 4.01% over the past month but up 20.07% over the past year, with a market capitalization of $5.22 trillion. The letter notes NVIDIA's market cap is roughly ten times Cisco's at the peak of the dot-com bubble while its forward earnings multiple is about ten times lower, though it acknowledges risks and possible price corrections.
- Solana’s Alpenglow launches on mainnet, targets 99% faster finality
Solana’s first major consensus upgrade, Alpenglow, went live on mainnet around 1:54 pm UTC on Wednesday, according to the Solana Foundation’s dashboard. The upgrade aims to cut transaction finality by 99%, from about 12.8 seconds to roughly 150 milliseconds, by replacing the current voting and finalization mechanism with direct validator voting. At press time, mainnet showed 6.6-second finality and 4,721 transactions per second. A later phase, Rotor, is meant to replace Turbine for block data distribution, and Anza called Alpenglow the biggest change to Solana’s core protocol since genesis. SOL rose nearly 3% in the 24 hours before the upgrade, reversing part of a 42% decline over the past year.
- 'Black swan' event has a major impact on Vietnam’s diamond market
At PNJ’s extraordinary shareholders’ meeting on October 21, the company said customer buybacks surged from July after an incident involving the P-Lab director, with July’s total value reaching nearly 6,000 billion VND, almost equal to all of 2025 (about 7,000 billion VND). General Director Phan Quốc Công called the episode a “black swan,” and the company shortened payment times for some gold and jewelry products to 2–7 days, while diamonds remain at 120 days. The board proposed booking a 7,071 billion VND provision in 2026, which would push the pre-tax result to a loss of more than 6,000 billion VND, even though revenue is projected at 39,057 billion VND, up 10%. PNJ also plans to close 25–30 underperforming stores and issue up to 550 million shares in a private placement; Chairwoman Cao Thị Ngọc Dung apologized to shareholders.
- Why SpaceX has the potential to be the world's largest hyperscaler
SpaceX shares rose after its third-quarter results beat estimates, with the AI business generating $7.56 billion in revenue. Kenny Polcari and Daniel Newman argue SpaceX could be not just the fifth hyperscaler but potentially the largest, if Elon meets his ambitious plans, and mention a possible merger with Tesla. The discussion notes top-tier customers paying over 50 million dollars per megawatt and Elon's claim that capex returns arrive in under one year. The speakers also dismiss oversupply concerns, citing comments from Jensen and Sundar Pichai and spot pricing, and expect strong results from Amazon, Microsoft and Google next week.
- Tesla (TSLA) Needs Stronger Earnings to Justify Its Autonomy Ambitions
The article argues that Tesla needs autonomous driving to become a profitable service rather than just an impressive demonstration, since the stock trades near 159 times forward earnings. Second-quarter revenue rose to $28.24 billion from $22.50 billion, but operating income fell to $398 million from $923 million as R&D spending jumped and automotive gross margin slipped from 17.2% to 16.9%. Tesla ended June with $43.5 billion in cash and short-term investments and generated $8.63 billion in first-half operating cash flow, which funds development but does not guarantee returns. The stock trades at 351.96 times trailing and 158.73 times forward earnings, far above the 15.40 consumer-discretionary median, while hedge fund holders fell from 123 to 116 and their combined stakes rose from $23.09 billion to $23.79 billion. The article concludes that the autonomy opportunity does not yet make the shares attractive for a new purchase at this valuation.
- Inflation for Urban Wage Earners Hit 3.9% in September. Here's What That Means for Social Security and Your Portfolio.
The CPI-W, the index used to set Social Security cost-of-living adjustments (COLA), rose 3.9% from a year earlier in September 2026, above the broader 3.7% CPI. The 2027 COLA is projected at 3.6%, the average of the July (3.4%), August (3.5%) and September (3.9%) readings. Applied to the average retired worker's benefit of about $2,088 per month in 2026, that works out to roughly $75 per month, or $902 per year. The article argues this inflation does not require major changes to a stock portfolio, since current CPI is only slightly above its 50-year average. For investors worried about inflation, it suggests options such as low-cost index funds, short-term bonds, commodities, energy and financial stocks, and REITs.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.