Huo Xing Finance reports that on August 12, in response to CoreWeave’s Q2 earnings (revenue of $2.575 billion, up 112% year-over-year), Wall Street institutional analysts maintained an overall constructive outlook, attributing the stronger-than-expected performance primarily to robust demand for AI infrastructure and improved profit margins. Five analysts raised their price targets: Wells Fargo to $160 (Overweight), Piper Sandler to $153 (Overweight), and Baird to $130 (Outperform), highlighting growth in net new active megawatts, strong Q3 bookings, and diversification of enterprise AI applications. JPMorgan and Mizuho maintained neutral ratings and slightly raised their price targets to $120 and $115, respectively, noting improved Q2 margins but acknowledging continued uncertainty regarding near-term revenue upside.
CoreWeave Q2 Revenue Exceeds $257.5M; Five Analysts Raise Price Targets
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Summary
CoreWeave’s Q2 revenue reached $257.5 million, a 112% year-over-year increase, triggering broad price movement. Five analysts raised their price targets: Wells Fargo set a $160 target (Overweight), Piper Sandler at $153 (Overweight), and Baird at $130 (Outperform). JPMorgan and Mizuho raised their price outlooks to $120 and $115, respectively, while maintaining neutral ratings.
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