Why Did CoreWeave Stock Just Pop?

CoreWeave stock surged 8% after Cantor Fitzgerald analyst Brett Knoblauch issued a $167 price target, citing $40 billion in long-term contracts signed in Q1 2026 and progress toward $30 billion annual recurring revenue goals. However, the analyst's bullish outlook contrasts with CoreWeave's continued losses—the company is expected to double revenue to $2.6 billion while losing $1.25 per share, raising concerns about profitability.