Wall Street initiates coverage of CoreWeave stock, predicting 40% rise to $51 in next year

From Yahoo Finance: 2025-04-22 10:34:00

CoreWeave stock surged over 8% as analysts initiated coverage of the Nvidia-backed AI firm, predicting a 40% rise to $51 in the next 12 months. CoreWeave, a major GPU supplier to Big Tech, recently secured a $12 billion contract with OpenAI. Concerns linger over customer concentration, with 77% of revenue coming from Microsoft. Microsoft has reportedly withdrawn some commitments with CoreWeave, sparking investor uncertainty. Big Tech’s AI spending could slow down, impacting CoreWeave’s future growth potential. Analysts warn of volatility and risk, advising caution for investors considering CoreWeave stock.



Read more at Yahoo Finance: Wall Street initiates coverage on CoreWeave stock after rocky public debut