$CoreWeave, Inc.(CRWV)$ JPMorgan upgraded CoreWeave to Overweight from Neutral, with a price target of $125, up from $120. Analyst Samik Chatterjee pointed to the favorable pricing backdrop for compute as the main driver. CoreWeave is seeing strong demand and is leaning into short-term contracts at premium pricing. JPMorgan also raised its revenue and margin forecasts, which Chatterjee noted stands in contrast to a lackluster share price performance driven by investor concerns around capital intensity.
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