DA Davidson raised the firm’s price target on CoreWeave (CRWV) to $125 from $110 and keeps a Buy rating on the shares. The firm reported strong Q4 earnings that were underscored by continued strong demand for AI compute. DA Davidson further cites the management forecasting 2026 capex in $30B-$35B range from $14.9B in 2025 while noting that in a world where being able to get capacity online is the most important measures of success, looking at both capital expenditures and active power guidance are the north-star in foreshadowing these metrics.
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