Citizens JMP Upgrades CoreWeave (CRWV) to Outperform, Sets $180 Price Target

CoreWeave, Inc. (NASDAQ:CRWV) is one of the AI Stocks Making Headlines This Week. On September 16, Citizens JMP upgraded the stock to “Outperform” from Market Perform.

The firm believes that investors are not aware enough of how the firm generates its revenue. This is why the stock is misunderstood.

Moreover, analyst Greg Miller sees accelerating hyperscale outsourcing in the GPU-as-a-Service (GPUaaS) market. He pointed to Oracle’s $450 million record RPO and Microsoft’s reported $17 billion contract with Nebius as an indication of this trend.

“We are upgrading shares of CoreWeave to Market Outperform from Market Perform and establishing a price target of $180, which represents multiples of ~6.0x and 22.0x on estimated 2027 revenue and operating profit, respectively, well below Oracle’s whose success is largely driven from an identical source.”

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.

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