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CRWV Stock Jumps 18% as Wells Fargo, JPMorgan, Mizuho Raise CoreWeave Price Targets on Q2 Results
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CoreWeave stock jumped about 18% on Wednesday after the AI infrastructure company reported stronger-than-expected second-quarter results and raised its 2026 outlook.
Wells Fargo, JPMorgan and Mizuho Raise CoreWeave Price TargetsSeveral analysts raised their targets after the Q2 report.
The firm pointed to stronger net-new active megawatts, healthy third-quarter bookings, and broader AI demand across industries and regions.
The company raised cloud infrastructure prices by about 25% in July as hardware costs increased and demand remained strong.
Meta committed an additional $21 billion to CoreWeave during the quarter, while Jane Street signed a $6 billion AI cloud agreement.