BNP Paribas initiated coverage of CoreWeave with a $192 price target, driving a 6% gain in its stock.
CoreWeave (CRWV) shares climbed about 6% after BNP Paribas started coverage with an Outperform rating and a $192 price target. The firm highlighted CoreWeave’s strategic importance in the AI infrastructure sector.
The move follows growing investor interest in AI-related stocks, though prior analyst coverage on CoreWeave was limited. The $192 target reflects bullish expectations for the company’s growth trajectory.
No immediate market reaction beyond the stock’s gain was reported.