Roth MKM analyst Rohit Kulkarni initiated coverage of CoreWeave (CRWV) with a Buy rating and $110 price target, implying 28.3% upside potential from current levels. The top analyst believes that CoreWeave is poised to be among the top four market-share winners in the artificial intelligence (AI) cloud market, which is expected to outgrow the traditional internet cloud market.
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Kulkarni is a five-star analyst on TipRanks, ranking #286 out of 10,113 analysts tracked. He has a 58% success rate and an average return per rating of 20.20%.
CRWV Poses Asymmetric Risk-Reward Profile
CoreWeave is an AI cloud computing provider specializing in GPU (graphic processing unit)-based infrastructure for developers and enterprises. Thanks to this lucrative business model, Kulkarni believes that the company could become one of the four leading players in the multibillion-dollar AI cloud market. CoreWeave’s platform is designed to handle large, demanding AI training and inference workloads and to scale rapidly to meet client needs.
He highlighted CoreWeave’s proven scale, fast time-to-market, and strong product-price performance as advantages over peers and hyperscalers. CoreWeave competes with major cloud players like Amazon Web Services (AMZN), Microsoft Azure (MSFT), and Google Cloud (GOOGL) for AI-specific workloads, but those hyperscalers still dominate with broader services and larger scale.
Kulkarni further pointed out that CRWV stock has fallen over 40% since early October and thus, views the upside potential as “highly asymmetric.” In Kulkarni’s view, CoreWeave’s potential gains could far exceed potential losses if expectations are met or exceeded.
Is CoreWeave a Good Stock to Buy?
Recently, Freedom Capital analyst Paul Meeks also initiated coverage of CRWV with a Buy rating and $100 price target, implying 16.6% upside potential. On TipRanks, CRWV stock has a Moderate Buy consensus rating based on 13 Buys, 11 Holds, and one Sell rating. The average CoreWeave price target of $146.65 implies 71% upside potential from current levels.
