JPMorgan analyst Samik Chatterjee lifted CoreWeave's stock price target to $110 from $105, citing accelerating demand for GPU cloud computing services. The research note was published August 11, 2026, ahead of the company's second-quarter earnings release the same day.
CoreWeave rents graphics processors to AI training and inference workloads. The stock closed at $85.20 on August 8, making the $110 target a 29 percent upside from that level. CoreWeave went public via SPAC merger in March 2024 and has traded between $50 and $120 per share in its first 17 months public.
GPU cloud rental remains a crowded field, with Lambda Labs, Crusoe Energy and other providers competing on price and performance. Large AI labs have begun shifting toward in-house chip design, and major cloud operators have expanded their own GPU fleets.
JPMorgan's target sits below the stock's 52-week high of $120 but above sell-side consensus of $97.50 at the time of the call. Investors will watch third-quarter bookings data to assess whether demand growth continues into the fall or begins to decelerate.
