On September 29, CoreWeave, Inc. rose 6.24% in regular trading, trading at $89.945/share, with turnover of $646 million. The rally was driven by a wave of bullish investment bank coverage and aggressive options positioning.

On the ratings front, JPMorgan recently upgraded CoreWeave from Neutral to Overweight with a target price raised from $120 to $125, while UBS initiated coverage with a Buy rating and a $120 target. Analysts polled by FactSet assign an average Overweight rating with a mean target of $141.03, implying significant upside from current levels.

In the options market, a notable $1.635 million purchase of 3,000 contracts of the March 2027 $145 strike calls emerged, alongside an $805,400 dual-buy combination targeting October $103/$104 calls, signaling strong directional conviction. Implied volatility at 78.61% sits at just the 8.76th percentile, making options relatively inexpensive for bullish bets.

On the fundamental side, CoreWeave signed multiple short-term compute contracts in Q3 at approximately $40 million per megawatt, expanding total contracted power to roughly 4.2 gigawatts, underscoring robust AI infrastructure demand.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)