Banking giant updates this Nvidia stock price target by 104% upside

Group 1 - JPMorgan has raised its price target for CoreWeave to $135 from $66, reflecting a 104% increase, while maintaining an 'Overweight' rating [1] - CoreWeave's stock has surged nearly 360% since its late-March IPO, driven by strong investor demand and its relationship with Nvidia [2] - Analyst Mark Murphy highlighted strong growth prospects in the AI sector and CoreWeave's differentiated solutions as key factors for the upgrade [3] Group 2 - CoreWeave has secured an $11.9 billion, five-year deal with OpenAI for AI data centers, which is seen as a major growth catalyst [4] - Despite concerns over high debt levels and volatility due to large bookings, there is confidence in the company's long-term growth trajectory [5] - The consensus rating from Wall Street analysts is currently a "Hold," with varying recommendations among 21 analysts [6] Group 3 - The average 12-month price target for CoreWeave is $107.59, indicating a potential downside of 16.95% from the latest closing price, with estimates ranging from $23 to $200 [8]