CoreWeave Shares Jump 10% After Price Target Raised to $125 on $21B Meta Deal
Macquarie upgraded CoreWeave’s rating to Outperform and raised its price target from $90 to $125, fueling a roughly 10% stock surge. This follows a $21 billion Meta cloud agreement through late 2032 and a multi-year Anthropic infrastructure lease bringing new capacity online in 2026.
1. Analyst Upgrade Spurs Stock Surge
Macquarie shifted its rating on CoreWeave to Outperform and raised the price target from $90 to $125, which pushed shares up approximately 10% in morning trading.
2. $21 Billion Meta Cloud Agreement Extends Through 2032
CoreWeave finalized a $21 billion commitment from Meta Platforms for cloud computing resources under contract through late 2032, locking in capacity demand over the next seven years.
3. Multi-Year Anthropic Infrastructure Lease Accelerates Capacity
Anthropic signed a multi-year lease for CoreWeave’s GPU infrastructure, with new capacity scheduled to come online later in 2026, reinforcing the company’s role in supporting large-scale AI workloads.
4. Strategic Role and Renegotiation Risks
Analysts view these deals as positioning CoreWeave as a structural component for hyperscale AI computing, though future renegotiation cycles in several years could introduce uncertainty around renewal terms and pricing.