H.C. Wainwright Analyst Raises CoreWeave (CRWV) Rating, Targets $180

CoreWeave, Inc. (NASDAQ:CRWV) is one of the AI Stocks Analysts Are Tracking Closely. On August 21, H.C. Wainwright analyst Kevin Dede upgraded the stock from Neutral to Buy with a price target of $180.00.

The stock has been facing selling pressure likely due to early investor liquidation following lockup expiration, rather than worries regarding the company’s fundamentals.

“Stock pressure flouting the long game. We saw the uptick in guidance offered on CoreWeave’s earnings call as a positive, some of which was discussed August 13 here, but it appears to have been ignored within the context of investor thinking. Or, perhaps, it is that early investors, having stayed long enough, seek liquidity on the lockup expiration? Specifically, looking at the company’s public issuance of revenue expectations, at the time of the March quarter call, May 14, FY25 labeled the range of $4.9–5.1B, but by Aug. 12 on the 2Q25 call, the range was raised to $5.15–5.35B, up 5% at the midpoint.”

Referring to CoreWeave’s position in the neocloud space, the firm believes the company is “a leader in perhaps one of the most influential technology adoption cycles of our time.”

“On that basis, we are raising our investment rating on CoreWeave to Buy from Neutral, noting that when we interrogated the Magic 8-Ball last night, it couldn’t commit to a rising CRWV share price in the near-term. We volunteer this point jokingly in emphasizing the longer-term perspective where the inherent value CoreWeave brings its customers becomes luminous, though it should be now. We are not adjusting estimates here, just recognizing the stock’s valuation has sunk deep enough, we believe, to suggest investors could enjoy healthy returns to previous stock levels on the back of a leader in the neocloud space. With our new Buy rating, we are offering a $180 price target, the recent June-end high where the stock enjoyed a cup of coffee and immediately retreated.”

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.

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