JPMorgan upgraded CoreWeave to overweight from neutral and lifted its 12-month price target 4% to $125 from $120, implying nearly 44% upside from Wednesday’s close. The bank said sustained demand for cloud computing and CoreWeave’s growing willingness to sign shorter-term contracts at premium prices should support higher revenue and margin forecasts. The stock has fallen about 13% in the third quarter amid concern over capital spending tied to the AI boom, following a 39% gain in the first half. JPMorgan said the investments could translate into financial gains as the company uses shorter agreements to address capacity needs. Wall Street sentiment remains broadly positive, with 28 of 41 analysts rating the stock buy or strong buy, according to LSEG data.