Quick Read – McPeake holds a Street-high $250 target, arguing Meta’s contract legally bars reselling CoreWeave’s GPU capacity, making the 35% selloff an overreaction. – CRWV has dropped 40% over the past year while peers NBIS and IREN surged 260% and 104%, sharply decoupling…
om the neocloud sector. – CoreWeave’s $99 billion backlog supports the bull case, but $50 billion in liabilities and deeply negative free cash flow make position sizing critical. – 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. CoreWeave (NASDAQ:CRWV) currently trades at $71.88 against a Wall Street consensus price target of $138.03, an implied gap of roughly 92%. One outlier target sits far higher: Rosenblatt Securities analyst John McPeake maintains a Street-high $250 price target, which would imply upside of nearly 248% from here.
CoreWeave rents GPU-accelerated compute to AI labs and hyperscalers, with named customers including Meta, Anthropic, Cohere, Mistral, and Perplexity. The company has assembled a $99.4 billion revenue backlog and became the fastest cloud in history to reach $5 billion in annual revenue. CoreWeave sits at the center of the AI infrastructure trade, yet its stock has decoupled sharply from the sector it defines.