From Yahoo Finance: 2025-04-22 07:52:00

Wall Street brokerages have begun coverage of Nvidia-backed CoreWeave with bullish views, despite lackluster market debut. Price targets range from $43 to $54, with stock currently trading at $36.25. Analysts cite company’s strong position in AI infrastructure market. CoreWeave faces caution over customer reliance and market challenges, leading to volatile stock predictions.

CoreWeave, based in Livingston, NJ, offers access to data centers and Nvidia chips for AI development. The company generated 77% of revenue from top two clients, including Microsoft. A $11.9 billion deal with OpenAI was inked ahead of IPO, raising concerns about customer concentration. Stock is expected to be volatile with high risk due to debt-fueled business.

Analysts warn investors about the unpredictable nature of CoreWeave stock, emphasizing risk tolerance. Brokerages set price targets for CoreWeave, with ratings ranging from Buy to Equal-weight. IPO underwritten by 18 banks led by Morgan Stanley, J.P.Morgan, and Goldman Sachs, seen as a test of investor interest in AI-related stocks amidst China’s DeepSeek launch.



Read more at Yahoo Finance: Nvidia-backed CoreWeave gets largely bullish coverage from brokerages