On August 13, CoreWeave, Inc. rose 4.15% in regular trading, trading at $113.7/share, with turnover of $615 million. The stock extended gains following the prior session's 20%-plus earnings-fueled rally, driven by a wave of investment bank target price upgrades and dominant bullish positioning in the options market.
On the news front, multiple banks collectively raised their price targets: Truist lifted its target to $155 from $126 maintaining a Buy rating, Wells Fargo raised to $160, and HSBC increased to $39 from $36. Simultaneously, the options market saw over $10 million in far-dated out-of-the-money call purchases, with the Call/Put volume ratio reaching 1.51, indicating strongly bullish sentiment. Large institutional capital continued to concentrate in medium-to-long-term calls, reflecting strong expectations for further upside.
Additionally, MasterClass announced it has selected CoreWeave's cloud platform to support development of its AI teaching agents, adding a fresh commercial validation catalyst. CoreWeave is an AI-native cloud infrastructure provider delivering GPU cloud computing services for large-scale AI workloads.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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