UBS Starts CoreWeave (CRWV) at Buy, 'Strong Growth Offsets Credit Concerns'

UBS analyst Karl Keirstead initiates coverage on CoreWeave (NASDAQ: CRWV) with a Buy rating and a price target of $120.00.

The analyst comments "We are launching coverage of CoreWeave shares with a Buy rating and $120 PT (~40% upside to current price), extending our coverage of the AI infrastructure market beyond the hyperscalers and Oracle. Despite outstanding AI compute demand signals and strong evidence that CoreWeave’s revenue per GW metric will march higher, Street sentiment is very cautious (reflected in the 2027 revs multiple of just 3x revs). We respect the concerns (primarily leverage/credit risk) but conclude that they’re peaking and hence we are making a non-consensus positive call with a Buy rating."

For an analyst ratings summary and ratings history on CoreWeave click here. For more ratings news on CoreWeave click here.

Shares of CoreWeave closed at $85.43 yesterday.

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