Goldman Sachs Has Mixed Feelings About CoreWeave (CRWV)-Here's Why

CoreWeave, Inc. (NASDAQ:CRWV) is one of the AI Stocks Investors Should Keep an Eye On. On July 30, Goldman Sachs reiterated the stock as “Neutral” and said that it is standing by its neutral rating ahead of earnings on Aug. 12.

“Since we launched coverage last April, CoreWeave’s financial profile has largely played out (see our initiation report for more details), quieting some of the most draconian bear cases.”

Goldman Sachs analyst Kash Rangan is both optimistic and cautious on CoreWeave. This is because while it has demonstrated impressive revenue growth, expanding its customer base and capacity, it is also not free from risks.

Some of these risks are significant customer concentration, especially after a substantial deal with OpenAI, depreciation, and high debt levels.

CoreWeave, Inc. (NASDAQ:CRWV) is a cloud platform provider that provides equipment for AI and other computing purposes.

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 Must-Watch AI Stocks on Wall Street and 10 AI Stocks Making Waves on Wall Street

Disclosure: None.