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Morgan Stanley cuts CoreWeave price target to $70

Morgan Stanley lowered its CoreWeave price target from $99 to $70 while raising targets for Western Digital and Spotify.

Sony Gotenyama Technology Center
Photo by Syced on Wikimedia Commons · CC0

Morgan Stanley cut its price target for CoreWeave from $99 to $70, according to a report dated 2026-10-23.

The report also said the bank raised its Western Digital target from $643 to $668 and its Spotify target from $640 to $700. It did not give reasons for the changes.