Analysts set a $167 price target for CRWV, citing strong backlog and revenue growth despite high cash burn.
CoreWeave (NASDAQ:CRWV) holds a $104 billion backlog against a sub-$50 billion market cap, underpinning a $167 price target by August 21, 2027. The projection implies a near-doubling from current levels, with a bull-case scenario reaching $171.23.
Q2 2026 revenue surged 112% year over year to $2.6 billion, while backlog expanded by $25 billion in net new commitments. However, the company burned $5.7 billion in free cash flow last quarter, with full-year capex guided up to $39 billion, fueling bearish sentiment.
Shares have whipsawed recently, down 15.55% over the past week but still up 25.35% year to date. The stock trades below its 52-week high of $153.20 but remains above its low of $60.55.