Goldman Sachs Upgrades CoreWeave to Buy After 25% Weekly Slump
Goldman Sachs raised CoreWeave to Buy and cut its price target to $106, citing expected favorable contract pricing despite financing concerns over AI buildout.
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what happened
CoreWeave shares climbed 2.3% to $62.80 on Monday, recovering part of last week's 25% drop. The selloff across AI-related stocks was driven by worries about how the financing for the large AI infrastructure buildout would be funded. CoreWeave's corporate bonds fell, signaling credit investors' concern about its mounting debt and future borrowing costs, according to Barron's.
Goldman Sachs analyst Gabriela Borges moved the stock to Buy from Neutral and lowered her price target to $106 from $139. The new target still implies 72% upside from Friday's close of $61.39. Goldman said questions remain on financing the next phase of growth, but believes the business is "biased to the upside" over the next 24 months.
why it matters
Goldman's view rests on neocloud providers charging more for AI computing as demand accelerates. Northland Equity Capital Markets estimates hourly rental fees for computing power have risen about 33% since December. Peers Nebius (+3%) and Iren (+4.4%) also gained on Monday.
market impact
AI infrastructure stocks: sensitivity to debt load and borrowing costs keeps pressure on the neocloud sector
tags
instruments
sources
- Why CoreWeave Stock Is Upgraded to Buy After Falling 25% Last Week — Barrons.com, 19 October 2026 at 14:42 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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