CoreWeave shares extended their recent rally on Monday as several major banks sharply increased their price targets ahead of the cloud-infrastructure company’s fiscal second-quarter results, due after the market closes on Tuesday. The stock last traded near $140, having gained roughly 5% on the session and more than 30% over the past month. JPMorgan analyst Mark Murphy doubled his target to $135 from $66 while reiterating an Overweight rating. Murphy said the “AI ramp is intact,” pointing to robust demand for the firm’s graphics-processing capacity and “differentiated solutions,” although he cautioned that heavy capital spending has left CoreWeave with elevated debt levels. Citi’s Tyler Radke upgraded the shares to Buy from Hold and set a Street-high $160 target, arguing the company could deliver more than 20% upside as hyperscale customers, including Microsoft, step up orders. Morgan Stanley’s Keith Weiss kept a Hold stance with a $91 target, contending that valuation already discounts much of the near-term growth. Tuesday’s earnings report will be the company’s first since its spring initial public offering and comes just ahead of the expiry of the IPO share-lockup period. Analysts say visibility into demand and capital-expenditure plans will be crucial for investors weighing the sustainability of CoreWeave’s breakneck expansion in the generative-AI boom.