CoreWeave (CRWV) stock surged approximately 23% on Friday, December 19, 2025. This sharp increase followed a period where the stock had fallen 55-60% from its mid-2025 highs.
Two key developments drove the rally. The company announced it is joining the U.S. Department of Energy's Genesis Mission to advance AI research. Separately, Citigroup resumed coverage with a "buy" rating and assigned a $135 price target.
Despite the positive news and analyst upgrade, market analysis highlights ongoing risks. Concerns persist regarding CoreWeave's substantial debt and its reliance on largest customers, who are also competitors. Furthermore, the company previously lowered its 2025 guidance due to data center delays.
The stock’s recent volatility and high customer concentration led Citi to assign a 'high-risk' designation to its rating.