Wall Street analysts held a constructive view on CoreWeave's Q2 results, with revenue reaching $2.575 billion, up 112% year-over-year. Five analysts raised price targets, including Wells Fargo to $160, Piper Sandler to $153, and Baird to $130, citing strong growth in net new active megawatts, solid Q3 bookings, and enterprise AI diversification. JPMorgan and Mizuho maintained neutral ratings with modest target increases to $120 and $115, noting improved Q2 margins but lingering near-term revenue uncertainties.
Wall Street analysts struck a broadly constructive tone on CoreWeave's second-quarter results, attributing the beat to strong AI infrastructure demand and improving margins.
The AI-focused cloud compute provider posted revenue of $2.575 billion for the quarter, up 112% from a year earlier.
Five analysts raised their price targets. Wells Fargo lifted its target to $160 with an Overweight rating, Piper Sandler moved to $153 (Overweight), and Baird went to $130 (Outperform). All three cited growth in net new active megawatts, robust Q3 bookings, and diversification across enterprise AI applications as key factors.
JPMorgan and Mizuho kept Neutral ratings while nudging targets up to $120 and $115, respectively. Both acknowledged improved Q2 margins but flagged lingering uncertainty around near-term revenue upside.
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