Bank of America and Jefferies raise CoreWeave stock targets ahead of earnings
Updated
Updated · CNBC · May 5
Bank of America and Jefferies raise CoreWeave stock targets ahead of earnings
9 articles · Updated · CNBC · May 5
Bank of America lifted its target to $140 from $120 and Jefferies to $160, implying roughly 12% and 28% upside from Monday's close.
Analysts pointed to April deals with Meta, Anthropic and Jane Street, saying strong AI compute demand and execution on capacity, margins and power will be crucial in Thursday's first-quarter report.
CoreWeave shares are up 75% this year, with a deal pipeline above $95 billion and remaining performance obligations of $60.7 billion, though delayed data-centre buildouts could defer revenue recognition.
As insiders cash out billions, is CoreWeave's AI empire built on a solid foundation or a mountain of high-risk debt?
With power grids strained and communities resisting, can CoreWeave actually build the data centers its AI clients are paying for?