Kevin Dede, an analyst from H.C. Wainwright, reiterated the Buy rating on CoreWeave. The associated price target remains the same with $180.00.
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Kevin Dede has given his Buy rating due to a combination of factors that highlight CoreWeave’s promising future. The company reported a significant 13% increase in revenue for the third quarter of 2025, reaching $1.36 billion. This growth is supported by a substantial $50 billion in remaining performance obligations and a $55.6 billion revenue backlog, which increased by 85% from the previous quarter. These figures are driven by multiyear compute contracts with major clients like Meta and OpenAI, demonstrating strong demand for CoreWeave’s services.
Additionally, CoreWeave’s strategic acquisitions have strengthened its AI software capabilities, enhancing its competitive edge. The acquisitions of companies such as Weights & Biases, OpenPipe, and Monolith AI have expanded its offerings in model iteration, reinforcement learning, and applied machine learning. Furthermore, the renewal of CoreWeave’s Platinum ClusterMAX rating underscores the reliability and performance of its AI infrastructure. Despite a recent market overreaction to a minor guidance reduction, Dede maintains confidence in CoreWeave’s trajectory, supported by new partnerships with organizations like NASA and other U.S. government agencies.
In another report released yesterday, Melius Research also maintained a Buy rating on the stock with a $140.00 price target.
Based on the recent corporate insider activity of 145 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CRWV in relation to earlier this year.