Why CoreWeave Stock Skyrocketed 23% on Friday

Shares of CoreWeave (NASDAQ: CRWV) jumped today, finishing up 23%. The massive gain came as the S&P 500 and Nasdaq Composite gained 0.8% and 1.1%, respectively.After months of declines, CoreWeave investors rejoiced as shares finally had a big day -- recovering much of their post-peak drop -- after the stock received a buy rating from Citigroup, which renewed coverage on Thursday.The neocloud operator received a buy rating from Citigroup analysts who see significant upside in the volatile stock. However, the firm also dramatically reduced its previous price target from $192 to $135, and critically, Citi added its high-risk designation to the rating, citing "limited trading history and high customer concentration, which may expose shares to greater volatility."Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool