CoreWeave (CRWV) stock jumped 13% on Tuesday (as of writing) after Deutsche Bank analyst Brad Zelnick upgraded the artificial intelligence (AI)-powered cloud company to Buy from Hold and increased his price target to $140 from $100. Zelnick believes that the “fundamental medium-term outlook appears solid” for CRWV ahead of the company’s Q4 2025 results expected to be released in the weeks ahead. CoreWeave shares rose nearly 6% on Monday after chip giant Nvidia (NVDA) announced a $2 billion investment in the AI infrastructure provider.
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The announcement of Nvidia’s $2 billion investment, which will enable CoreWeave to accelerate the buildout of more than 5 gigawatts (GW) of AI factories by 2030, was cheered by several Wall Street analysts. In fact, DA Davidson analyst Alex Platt upgraded CRWV stock to Buy from Hold and raised the price target to $110 from $68.
CoreWeave stock has been volatile recently as investors are concerned about project delays and significant debt to finance massive deals.
Here’s Why Deutsche Bank Turned Bullish on CRWV Stock
Zelnick noted that CoreWeave’s upcoming Q4 2025 earnings release will mark the first time that management will be issuing the full-year outlook as a public company. Notably, Deutsche Bank’s analysis indicates significant upside potential in the Street’s consensus revenue estimates if the company delivers capacity as planned to its contracted customers.
The 5-star analyst thinks CRWV is entering a strong phase over the next few quarters, when it can start signing new deals using more than 1 GW of secured power that is still available. Zelnick added that in a market with limited supply, this capacity, along with CoreWeave’s history of being early to market with new platforms like the upcoming Rubin, places the company in a very favorable position. Additionally, Zelnick believes that the growing share of backlog and capacity tied to investment-grade customers should help CRWV continue to lower its cost of incremental capital, even as sentiment across AI-related credit markets appears to be weakening.
Finally, Zelnick believes that Nvidia’s new $2 billion investment incrementally bolsters the longer-term view for CoreWeave. Aside from underscoring CoreWeave’s technical dominance, the analyst thinks that the Nvidia deal provides three major advantages:
- An accelerated path to CoreWeave’s newly established target of adding 5 GW of AI infrastructure by 2030, beyond the current 2.9 GW backlog, while capitalizing on NVDA’s financial strength to obtain access to additional land and powered shells.
- Expanded technical integration will allow CoreWeave to remain an early mover with Nvidia’s next-generation compute architectures.
- Possibility of CoreWeave’s SUNK and Mission Control software to be included in Nvidia’s reference architectures, which could result in a significant and high-margin standalone software opportunity in hybrid and multi-cloud environments in the times ahead.
Is CRWV Stock a Buy, Sell, or Hold?
Currently, Wall Street has a Moderate Buy consensus rating on CoreWeave stock based on 14 Buys and 12 Holds. The average CRWV stock price target of $126.77 indicates 14.4% upside potential from current levels.
