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- CoreWeave (CRWV) was upgraded to Buy from Hold at Truist Securities on Tuesday, as the investment firm said it expects continued adoption from the enterprise.
- “We view CRWV's risk-reward as attractive as 1) Continuing enterprise adoption of open models/sovereign AI is supportive of broadening demand; 2) CRWV trades at a significant discount to neoclouds despite its leadership position, and 3) Potential for incremental margin expansion if current 6-yr GPU depreciation cycles prove conservative,” analyst Arvind Rammani wrote in a note to clients. “Shares of CRWV have declined ~42% since 1Q26, and while we view Meta's entry into the space as a risk, we believe Meta will maintain its existing contracts/terms; and if Meta does not renew, we expect other enterprises to absorb the computing capacity.”
- In addition to the upgrade, Rammani also slightly tweaked his price target on CoreWeave to $126 from $131.
CoreWeave upgraded to buy at Truist
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CoreWeave (CRWV) was upgraded to Buy from Hold at Truist Securities on Tuesday, as the investment firm said it expects continued adoption from the enterprise. “We view CRWV's risk-reward as attractive as 1) Continuing enterprise adoption of open models/sovereign AI is supportive of broadening demand; 2) CRWV trades at a significant discount to neoc...
