CoreWeave, Inc. (CRWV) saw its stock price surge 5.14% during intraday trading on Friday, marking a significant upward movement.
The sharp rise follows an analyst upgrade from Citi, which raised its price target on CoreWeave to $155 from $126 while maintaining a Buy rating on the shares. The firm cited expectations of rising demand for the company's AI infrastructure services.
CoreWeave has been highlighted as a prominent "secondary" tech stock that is outperforming larger tech giants in 2026, with the company reporting massive revenue growth and a substantial backlog of future business, bolstering investor confidence in its growth trajectory.
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