AI-powered cloud computing company CoreWeave (CRWV) is scheduled to announce its first-quarter results on May 7. CRWV stock has rallied about 80% year-to-date, driven by robust demand for AI compute and strategic deals, including a $21 billion deal with Meta Platforms (META) and a multi-year agreement with AI startup Anthropic to power its Claude AI models. Ahead of the Q1 earnings, analysts from Bank of America and Jefferies reiterated a Buy rating on CRWV stock and raised their price targets, reflecting their optimism about the AI play.
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Forget margin or options. Here's how the pros trade CRWVMeanwhile, Wall Street expects CoreWeave to report a loss per share of $0.91 for Q1 2026, compared to a loss per share of $0.60 in the prior-year quarter. Revenue is expected to surge 100.1% to $1.97 billion.
Top Bank of America Analyst Raises CRWV Stock Price Target
Bank of America analyst Tal Liani reiterated a Buy rating on CRWV stock and raised his price target to $140 from $120, based on his revised EV/EBIT multiple of 26x (based on 2027 earnings), up from 23x. The higher price target reflects industry-wide expectations of increased spending, mainly by hyperscalers.
Liani believes that one of the key areas to watch is CoreWeave’s execution in bringing data center capacity online and converting it into RPO (remaining performance obligation). The 5-star analyst added that while the company ended last quarter with a huge backlog of over $66 billion, it will have to consistently bring its data center capacity online to convert this backlog into revenue. Liani believes that investors are increasingly focused on how efficiently CRWV’s capacity investments will be converted into recognized revenue, particularly given that the company ended last quarter with a massive RPO and announced additional customer deals.
The analyst highlighted that the second area of focus is CoreWeave’s margins, especially as capex remains high. He believes that sustained margin expansion is important to drive CRWV stock higher.
Jefferies Is Bullish on CRWV Stock
Additionally, Jefferies analyst Brent Thill reaffirmed a Buy rating on CRWV stock and increased his price target to $160 from $120. The 4-star analyst expects CoreWeave to announce a major rise in RPO, given that it announced three deals in April (Meta, Anthropic, and a $6 billion deal with Jane Street). He expects these deals to lift the company’s RPO above $95 billion, from about $67 billion in Q4 2025.
Thill noted that channel checks in April supported his bullish stance on the GPU compute demand and CoreWeave’s edge in hosting increasingly complex workloads. He believes that the company will have to consistently execute on revenue, margins, and active data center capacity to restore long-term confidence in its targets.
“Given its leadership in hosting high-performance compute at scale, against a multi – $T opportunity over next couple yrs, we believe the valuation is compelling relative to its strategic importance,” concluded Thill.
Is CRWV Stock a Good Buy?
Heading into Q1 earnings, Wall Street has a Moderate Buy consensus rating on CoreWeave stock based on 15 Buys, eight Holds, and one Sell. The average CRWV stock price target of $129.77 indicates a modest upside potential of 1.5%.
