CoreWeave (CRWV) is drawing growing attention from Wall Street as spending on AI infrastructure accelerates. Even though the stock is up 74% year-to-date, the average analyst price target still points to more than 100% upside from current levels. Here are three clear reasons Wall Street remains positive on the stock.
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1. CoreWeave Is Built Purely for AI Workloads
CoreWeave’s narrow focus on AI workloads is becoming more valuable as demand shifts from testing to real use. Unlike broad cloud platforms, CoreWeave’s systems are already set up for GPU-heavy work, which helps customers add capacity faster when demand spikes.
Analysts also note that demand for GPU-heavy infrastructure remains tight, which supports high usage across CoreWeave’s platform. Recently, Wedbush’s top analyst Daniel Ives said CoreWeave is well placed to benefit from strong demand for AI computing, including GPUs and related parts that remain in short supply.
2. Long-Term Contracts Support Revenue Visibility
A key strength for CoreWeave is that large customers agree to use its services for several years, which gives the company steady and predictable revenue. A key example is its long-term deal with OpenAI (PC:OPAIQ), signed in 2024, which runs for several years and provides steady demand for AI computing capacity.
These contracts lock in usage and offer clearer revenue visibility than short-term cloud deals. As AI customers move from testing to full use, they need reliable access to GPUs over long periods.
This setup also helps CoreWeave plan new data-center builds and expand capacity with more confidence, which matters in a business that requires large upfront spending.
3. AI Infrastructure Spending Is Still Rising
Industry analysts expect spending on AI data centers to keep rising as cloud firms and large companies add capacity. Big tech players such as Microsoft (MSFT), Amazon (AMZN), and Alphabet (GOOGL) are investing billions of dollars each year to build new data centers and upgrade existing ones for AI.
Research firms such as Gartner and McKinsey expect global AI and data-center spending to potentially exceed $1 trillion by 2030, making data centers one of the fastest-growing areas in IT.
Against this backdrop, Wall Street analysts expect the demand for high-performance computing to continue to remain strong. That trend supports companies like CoreWeave, which supply the hardware and capacity needed to run AI systems at scale.
Is CRWV Stock a Buy?
On TipRanks, CRWV stock has a Moderate Buy consensus rating based on 11 Buys, 10 Holds, and one Sell rating. The average CoreWeave price target of $131.05 implies 103.02% upside potential from current levels.
