Analyst Upgrades CoreWeave Stock After Revenue Guidance Rises

A top analyst raises CoreWeave from neutral to buy after a higher revenue outlook, while the stock trades on a mix of growth potential and profitability questions.

Analyst Upgrades CoreWeave Stock After Revenue Guidance Rises

CoreWeave reported its second quarter with a sharp revenue gain and a larger loss than many investors expected. The company posted a 207 percent increase in revenue, yet the quarterly loss surprised some on the street and helped push the share price lower after the results were released.

H C Wainwrights top analyst Kevin Dede upgraded CoreWeave from Neutral to Buy and set a $180 price target. He cited an upgraded guidance for fiscal year 2025 and CoreWeaves position in the neocloud space as reasons for the change. He also highlighted the firms collaboration with Nvidia and its early access to new AI chips as a potential edge. Independent research from SemiAnalysis is cited in supporting the companys AI adoption momentum. On valuation, Dede argues the stock looks inexpensive relative to sales and earnings, suggesting room for upside if the guidance proves durable. Wall Street overall remains cautious with a Hold consensus and a target around $116, implying notable upside could be ahead if the growth story plays out.

The upgrade shifts attention from a single quarter to a longer growth thesis. CoreWeave operates in a competitive AI cloud landscape where partnerships, hardware access, and execution pace matter as much as any quarterly number. Yet the market remains wary, reflecting concerns about profitability and how quickly a neocloud business can scale. The real test is whether the improved guidance translates into steady earnings and whether Nvidia backed hardware advantages can be maintained as rivals chase similar AI offerings.

Highlights

The path forward will hinge on turning growth into durable profitability.