In a report released today, Keith Weiss from Morgan Stanley maintained a Hold rating on CoreWeave, with a price target of $99.00.
Claim 30% Off TipRanks
New trading tool for CRWV bullsKeith Weiss has given his Hold rating due to a combination of factors reflecting both CoreWeave’s strong positioning and the challenges in its execution. He notes that while the stock has significantly outperformed broader large-cap software peers year-to-date, recent operational missteps in a constrained supply backdrop have heightened doubts about management’s ability to reliably deliver on its ambitious growth targets.
Weiss emphasizes that expectations into Q4 remain high and create a demanding setup, especially after NVIDIA highlighted plans for substantial incremental power capacity by 2030. To justify greater conviction, he is looking for clear evidence of progress on ramping active power above 850 MW, resolving prior data center delays, converting construction into capex, and demonstrating durable backlog growth and customer diversification, leading him to maintain a balanced, Hold stance.
In another report released on February 4, TipRanks – OpenAI also upgraded the stock to a Hold with a $91.00 price target.
Based on the recent corporate insider activity of 216 insiders, corporate insider sentiment is neutral on the stock.