CRWV "Too Big to Ignore?" Stock Gets Multiple Upgrades

Core View - CoreWeave's stock has seen significant growth since its IPO in March, rising over 200% from its $40 IPO price to $187 in June [1][3] - The stock is currently receiving attention due to upgrades from Melius Research and Wells Fargo, indicating strong analyst confidence [1][3] Analyst Upgrades - Wells Fargo upgraded CoreWeave to overweight from equal weight, raising the price target from $105 to $170, citing benefits from the elevated build cycle and hyperscaler industry shortages expected to last until the end of 2026 [3][4] - Melius Research upgraded CoreWeave to buy from hold, increasing the price target from $128 to $165, highlighting the company's advantage in cloud demand and its position to gain market share due to early access to Nvidia's next-generation AI systems [5][6] Market Context - The ongoing hyperscaler shortages are seen as a positive for CoreWeave, with expectations that the company will capture more market share [4][5] - The demand signals for CoreWeave are described as "too strong to ignore," indicating a robust outlook for the company [4] Trading Insights - Options strategist Tim Bigum suggests that while CoreWeave's stock may not see significant upside in the short term due to its rapid rise, it is unlikely to experience major downside risks [8][9] - The current trading environment shows a higher call skew compared to put skew, suggesting that speculative upside may be overextended [10]