JPMorgan Upgrades CoreWeave Amid Pricing Strategy Debate
JPMorgan upgraded CoreWeave (CRWV) from Neutral to Overweight on September 24, 2026, raising its price target to $125. The move comes as the AI cloud provider adjusts pricing strategies amid strong demand for short-term compute resources in the AI sector. Analyst Samik Chatterjee argues that CoreWeave's ability to command premium prices is a stronger indicator of success than concerns over debt used to fund data center expansion. In contrast, Rothschild & Co Redburn initiated coverage with a Sell rating and $54 price target three days earlier, highlighting risks in the credit markets. Chatterjee notes that CoreWeave's recent $2.6 billion loan reflects lender confidence in sustained GPU demand despite higher interest rates. Meanwhile, rival Nebius Group has also raised prices multiple times this year. The stock closed at $90.13 after JPMorgan’s upgrade and is currently 41% below its 52-week high of $153.20. Of the 40 analysts tracked by StockAnalysis, 28 rate CoreWeave as Buy or Strong Buy, with an average price target implying about 56% upside.
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