CoreWeave, Inc. (NASDAQ:CRWV) is one of the AI Stocks Every Investor Should Watch. On September 23, Melius analyst Ben Reitzer upgraded the stock from Hold to Buy with a price target of $165.00.
The rating upgrade reflects the firm’s positive outlook on the stock as “one of the beneficiaries of accelerating cloud demand both right now and well into the future.”
With Nvidia backing OpenAI, the firm believes that it has better chances of funding its capex plans with everyone else too- benefiting suppliers such as AMD and Dell.
“Bottom Line: We reiterate our Buy rating for Nvidia, who has blunted concerns around custom ASICs in one fell swoop here with this deal. Second, we upgrade CoreWeave to Buy with a target of $165 (23x 2027 EBIT) who is one of the beneficiaries (including buy-rated Microsoft) of accelerating cloud demand both right now and well into the future. Third, if OpenAI is backed by Nvidia – then it has a better chance of funding all its capex plans with everyone else too – from Broadcom to Arista to AMD to Dell (Dell supplies CoreWeave). Don’t be surprised if someone makes an investment in xAI too…”
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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