Analyst Upgrades CoreWeave to Buy Amid AI Infrastructure Growth
H.C. Wainwright's Kevin Dede upgraded CoreWeave (CRWV) from Neutral to Buy with a $180 price target, citing undervaluation after a post-earnings drop. The firm raised its FY25 revenue guidance to $5.25 billion, reflecting 207% Q2 growth despite wider losses.
CoreWeave's partnership with Nvidia positions it as a leader in AI infrastructure, having deployed the latest 'superchips' first. SemiAnalysis research confirms its technical edge in the neocloud space, where demand for accelerated computing continues to surge.