Coreweave Down 35% .
This Analyst Reiterated His $250 Target Even After ‘Meta Compute’ Was Announced
Quick Read – CRWV crashed 38% in one month on fears Meta’s new cloud cannibalizes its GPU rental business, but 24 of 37 analysts still rate it Buy. – McPeake reiterated his $250 target citing META’s $35.2B contract bars GPU reselling, shielding CoreWeave from direct cannibalization by Meta Compute. – META’s launch triggered a sector rout that sent APLD down 43% in a month, yet all 11 analysts covering Applied Digital still rate it Buy or Strong Buy. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and CoreWeave, Inc. Class A Common Stock didn’t make the cut. Grab the names FREE today.
Shares of CoreWeave (NASDAQ:CRWV) currently trade at $72.91, down 35% over the past month and well below the Wall Street consensus price target of $141.15, an implied gap of roughly 94%. CoreWeave rents specialized NVIDIA GPU capacity to AI labs and hyperscalers. Its $99 billion contracted revenue backlog anchored by Meta and OpenAI made it one of the most-watched AI infrastructure names of the year.