Madison Rezaei, an analyst from Bernstein, maintained the Sell rating on CoreWeave. The associated price target remains the same with $67.00.
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Explore CWVX for 2X leverage on CRWVMadison Rezaei has given his Sell rating due to a combination of factors, primarily centered on CoreWeave’s ambitious 2026 AOI guidance and the company’s current profitability profile. He highlights that the firm’s low single-digit margins, coupled with an aggressive ramp in second-half revenues, imply a steep and uncertain path to reaching the $900 million to $1.1 billion AOI target, especially for a relatively young platform still working through scaling challenges.
Rezaei also underscores meaningful execution risk around the timing and efficiency of data center buildouts, noting that even modest delays or lower-than-hoped-for steady-state margins could cause CoreWeave to fall short of its goals. While he acknowledges potential upside from additional deal signings and near-term stock momentum, he maintains that the long-term fundamentals—particularly the sustainability of the business model and the company’s ultimate positioning within the broader infrastructure ecosystem—do not justify the current valuation, supporting an unchanged $67 price target and an Underperform (Sell) stance.
Rezaei covers the Real Estate sector, focusing on stocks such as Equinix, Crown Castle, and Digital Realty. According to TipRanks, Rezaei has an average return of -4.4% and a 54.55% success rate on recommended stocks.