CoreWeave Stock Rebounds as Analysts and Nvidia Defend AI Cloud Provider
Shares of CoreWeave, Inc. (CRWV) rose 5.94% during regular trading on Thursday to close at $69.69, regaining ground following a sharp drop earlier in the week. The pullback was driven by rising debt concerns, lower bond prices, and broader pressure on semiconductor stocks. Despite the regular session gains, shares dipped 2% in overnight trading.
Major Wall Street research firms and strategic partners mounted a firm defense of the AI cloud infrastructure provider. Cantor Fitzgerald reiterated an Overweight rating with a $176 price target, calling negative market sentiment unfounded and noting that CoreWeave has already sold out nearly all of its planned capacity for 2027. Nvidia (NVDA), a major shareholder, has agreed to backstop any unsold capacity, while its chief executive stated publicly that CoreWeave's financial strength is improving and its capital costs are falling. Bank of America and Deutsche Bank also reaffirmed Buy ratings.
Investors will likely watch how the company manages its balance sheet and executive shareholding levels moving forward. CoreWeave's three founders have sold $3.3 billion in stock since the March 2025 initial public offering, though they continue to hold a combined 20% stake. With the stock down 2.7% year to date, market attention remains focused on datacenter expansion and ongoing partner commitments.
Key points
- CoreWeave, Inc. (CRWV) shares gained 5.94% on Thursday to reach $69.69 following a steep selloff earlier in the week.
- Cantor Fitzgerald reaffirmed an Overweight rating and $176 price target, noting 2027 cloud capacity is nearly sold out.
- Nvidia (NVDA) has an agreement to backstop unsold capacity, and its CEO stated CoreWeave's cost of capital is decreasing.
- Bank of America and Deutsche Bank maintained Buy ratings with price targets of $140 and $150, respectively.
- CoreWeave's founders have sold $3.3 billion in shares since the company's March 2025 initial public offering but retain a 20% stake.
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How we writeDisclaimerQuestions and answers
Why did CoreWeave stock experience recent volatility?
The stock faced pressure from broader semiconductor weakness, inflation concerns, and investor debate over its debt levels and bond price declines, before rebounding on analyst support.
What are Wall Street price targets for CoreWeave?
Cantor Fitzgerald set a price target of $176, Deutsche Bank set a target of $150, and Bank of America set a target of $140, with all three maintaining buy-equivalent ratings.
What is Nvidia's connection to CoreWeave?
Nvidia holds an equity stake in CoreWeave, invested $2 billion in January, and maintains an agreement to backstop unsold cloud capacity coming online for 2027.