The rating upgrade follows a period where CoreWeave shares plunged 43% since Aug. 11 and dropped 24% in the five trading sessions prior to Monday. Credit market volatility, rising financing costs, and debate over AI demand drove the selloff. Borges argues that investors have overestimated the firm's future cost of capital and underestimated potential improvements in investment returns, creating an attractive buying opportunity.
Wednesday, October 21, 2026
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CoreWeave Shares Jump 6.7% After Goldman Sachs Upgrades Stock to Buy
US Markets2 days ago
A new bullish outlook from Goldman Sachs pushed CoreWeave’s shares higher in pre-market trading on Oct. 19. Analyst Gabriela Borges shifted the company's rating from Neutral to Buy, forecasting a 73% upside with a revised price target of $106. This movement occurred alongside other shifts on Wall Street, including a JPMorgan upgrade of Intel to Neutral, which some market participants characterized as a defensive move by investment banks.
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