Citi reiterates buy rating on CoreWeave with $159 target

Citi analyst Tyler Radke reiterated a Buy rating and $159.00 price target on CoreWeave (NASDAQ: CRWV), following the company's first Fully Connected event, which drew 5,800 attendees including partners, resellers, students, and customers.

The event centered on CoreWeave's AI infrastructure platform, CoreWeave Forge, which is designed to manage the AI model and agent lifecycle with a focus on spend optimization, observability, security risk, and large-scale AI model deployment.

Radke said the firm came away "incrementally positive on new product announcements and the investor session which reiterated the confidence in the recent guidance set for the 2H and overall opportunity to expand internationally as the company continues to meet customers where the demand is."

The analyst also noted an emphasis on enterprise and non-AI customers, with CoreWeave targeting sectors including Physical AI, Life Sciences, Financial Services, and compute-heavy industries.

Radke added that "partner conversations reinforcing an unrelenting AI demand environment that remains constrained by power, memory and compute" supported the reiterated Buy rating.

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