CoreWeave (CRWV) stock surged over 22% on Friday, December 19, 2025, closing at approximately $83 per share. This significant rally followed the initiation of coverage by Citigroup analysts, who assigned a "Buy" rating to the stock.
Despite the positive coverage, Citigroup later lowered its price target on December 21st. The target moved to $135, down from a previous $192. The stock had been under pressure in recent months, declining from its mid-2025 highs.
The renewed investor confidence comes even though the company reported a net loss in the third quarter. This loss resulted from high interest expenses and significant capital expenditures. CoreWeave is using this CapEx to expand its AI data center capacity.
Analysts emphasized the strong demand for CoreWeave’s AI infrastructure. They noted that near-term capacity is reportedly sold out through 2026.