Morgan Stanley Cuts CoreWeave Price Target to $70, Raises Spotify and Western Digital Targets

Morgan Stanley slashed its price target for AI cloud infrastructure provider CoreWeave from $99 to $70, a 29% reduction that signals growing caution on the company's outlook. In the same research update on October 23, the bank raised its price target for Western Digital from $643 to $668 and lifted Spotify's target from $640 to $700, reflecting improved sentiment toward those names.