UBS defends CoreWeave with $120 target as the stock becomes a Treasury-yield proxy
TiernanRayTech · x · 2026-09-24
The Technology Letter rounds up analyst moves on two data-center-linked stocks.
- CoreWeave: UBS's Karl Keirstead assigns a Buy and $120 price target (recent price $87.73), defending the neocloud against worries about its massive debt pile amid rising rates; the author notes CoreWeave has become a tracking stock for Treasury yields and remains skeptical of the business quality
- Amphenol: Bernstein's Varun Govindaraj initiates Outperform with a $99 target, arguing the premium valuation is justified and electrical connectors won't be obsoleted by fiber; the stock is up 51% since joining TL20, now at $82.44
- The piece also notes Wall Street's intense interest in Meta's new personal AI app Muse
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