TLDR
- Loop Capital initiated CoreWeave coverage with Buy rating and $165 price target
- Stock up 25% in past month and 211% since March IPO
- Analyst sees CoreWeave joining Nvidia’s elite “Cool Kids Club”
- Company secured $6.3 billion order from Nvidia for cloud capacity
- Wall Street consensus remains Moderate Buy with 17% upside potential
CoreWeave stock gained 0.3% to $121.70 in premarket trading Friday after Loop Capital launched coverage with a Buy rating. The investment firm set a $165 price target, indicating 36% upside potential.
Loop Capital analyst Ananda Baruah expects CoreWeave to deliver material profit growth beyond current Wall Street estimates. The five-star analyst projects enterprise value to EBITDA multiple expansion for the cloud computing company.
CoreWeave shares have surged over 25% in the past month. The stock ranks among 2025’s top IPO performers with gains exceeding 211% since its March debut.
Nvidia Partnership Drives Growth
The recent rally accelerated after CoreWeave announced a new agreement with Nvidia. The deal provides Nvidia access to unsold cloud computing capacity from CoreWeave’s infrastructure.
Baruah described CoreWeave as the largest “Neocloud” company joining what he calls Nvidia’s “Cool Kids Club.” This exclusive group includes major hyperscalers and leading AI laboratories.
The analyst believes markets underestimate how committed hyperscalers and AI labs remain to advancing innovation. He also highlighted Nvidia’s upcoming Blackwell platform as benefiting neocloud companies.
For 2027, Baruah forecasts CoreWeave will generate $17.9 billion revenue and $12.8 billion EBITDA. These projections slightly exceed consensus estimates of $17.8 billion and $12.7 billion respectively.
Wall Street Coverage Expands
Raymond James recently initiated CoreWeave coverage with an Outperform rating and $130 price target. Citizens JMP upgraded the stock from Hold to Buy, reflecting growing analyst confidence.
Currently, nine of 25 analysts rate CoreWeave Buy or higher. Thirteen assign Hold ratings while three recommend Sell, according to Koyfin data.
The average analyst price target sits at $127.56 across all coverage. Wall Street maintains a Moderate Buy consensus based on 13 Buy recommendations, 12 Holds, and two Sell ratings.
Recent Business Developments
CoreWeave secured a major $6.3 billion order from Nvidia for cloud computing services. This agreement strengthens their partnership and provides substantial revenue visibility.
The company committed to UK data center infrastructure investments as part of a $42 billion pledge from major US tech firms. Partners include Nvidia, Microsoft, and OpenAI.
Retail sentiment on Stocktwits remains bullish with normal message volume. The positive momentum reflects confidence in CoreWeave’s AI infrastructure positioning.
Wall Street’s average price target of $142.32 suggests 17.2% upside potential from current levels despite the stock’s strong year-to-date performance.
