Wolfe Research Maintains Outperform rating on CoreWeave (CRWV)
Wolfe Research Maintains Outperform rating on CoreWeave (CRWV).
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CoreWeave Inc. (NASDAQ: CRWV ) is one of the 10 Best Data Center Stocks to Buy in July . On July 6, Investing.com reported that Wolfe Research maintained an Outperform rating on CoreWeave while keeping a $150.00 price target on the stock.
A new data center facility in Plano, Texas. Photo from CoreWeave
The analyst noted that CoreWeave expects the second quarter to be the largest quarter for active power added in fiscal 2026. It estimates the second-quarter backlog at approximately $110 billion to $115 billion, lower than some investors' expectations of $125 billion to $130 billion.
Moreover, Wolfe Research believes that CoreWeave will exit fiscal 2026 with a backlog exceeding $135 billion. It highlighted that planned capacity supports potential upside to fiscal 2027 annual recurring revenue targets.
In other news, CoreWeave launched an AI Research and Iteration Agent, called CoreWeave ARIA (AI Research & Iteration Agent), with autonomous research and collaborative intelligence on June 29. The AI research agent built directly into Weights & Biases (W&B) by CoreWeave accelerates the AI research loop by closing the gap between analysis and action, turning the data teams already generate into a compounding engine for better models and more reliable agents. The AI research agent analyzes thousands of runs and tens of thousands of metrics in minutes.
CoreWeave Inc. (NASDAQ:CRWV) is an AI cloud computing company that specializes in providing cloud-based graphics processing unit (GPU) infrastructure to AI developers and enterprises.
While we acknowledge the potential of CRWV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock .
READ NEXT: 10 Best SaaS Stocks to Buy According to Reddit and 10 Best Cybersecurity Stocks to Buy According to Short Sellers .
Sinergia Empresarial continuará el seguimiento de esta información sobre wolfe Research Maintains Outperform rating on CoreWeave (CRWV) y ampliará la cobertura conforme se confirmen nuevos elementos relevantes para el ecosistema empresarial.
