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Morgan Stanley Raises CoreWeave Target Amid AI Infrastructure Growth
Morgan Stanley Raises CoreWeave Target Amid AI Infrastructure Growth
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BTCCSquare news:
Morgan Stanley analyst Keith Weiss increased CoreWeave's price target to $99 from $91, maintaining a Hold rating despite the stock's 16.3% post-earnings drop. The revision reflects confidence in the company's positioning as a critical GPU infrastructure provider for generative AI, even as near-term execution risks persist.
CoreWeave's revenue outlook was slightly trimmed due to data center delays, but its diversified client base—now capped at 35% concentration per customer—and partnerships with Nvidia and Meta signal structural improvements. The market's reaction highlights the tension between long-term AI infrastructure demand and short-term operational hurdles in scaling GPU capacity.
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