CoreWeave’s stock has plummeted since the company reported its second-quarter results, but a top analyst has upgraded the stock to “Buy” with a price target of $180. Kevin Dede, H.C. Wainwright’s leading analyst, believes CoreWeave remains a leader in the cloud and AI infrastructure space due to its strong fundamentals and partnerships.
Key positives highlighted by Dede include the company’s updated guidance, which raised FY25 revenue midpoint to $5.25 billion. He also cited CoreWeave’s partnership with Nvidia as a significant advantage, as the company was among the first to use the latest AI “superchips.” Recent research from SemiAnalysis has confirmed the platform’s strength and CoreWeave’s leading role in AI adoption.
Dede believes CoreWeave is trading at a low price compared to its sales and earnings, suggesting room for the stock to rise. This contradicts the current Hold consensus rating among Wall Street analysts, with an average stock price target of $116.45 indicating 27.24% upside potential from current levels.
Source: https://www.tipranks.com/news/time-to-load-up-as-top-analyst-upgrades-coreweave-stock-crwv-to-buy