Cantor Fitzgerald Keeps Overweight Rating on CoreWeave (CRWV), $174 PT

CoreWeave, Inc. (NASDAQ:CRWV) is one of the best performing NASDAQ stocks according to hedge funds. On October 6, Cantor Fitzgerald maintained its Overweight rating for CoreWeave and kept its $174 price target. The firm continues to be positive on CoreWeave due to its strong momentum, particularly following its partnership with Meta (Facebook’s parent company). Cantor Fitzgerald noted that Meta will pay CoreWeave up to $14.2 billion through 2031 under a new order linked to their existing Master Services Agreement. Meta may also materially expand its commitment through 2032. On top of the Meta deal, CoreWeave amended its credit agreement, adding a $3.0 billion tranche for equipment and infrastructure spending to support growth initiatives. The company’s backlog now stands at $44.3 billion, not including NVIDIA’s unused capacity agreement. CoreWeave, Inc. (NASDAQ:CRWV) provides cloud infrastructure optimized for AI, machine learning, and high-performance computing workloads. The company offers GPU and CPU compute resources, storage, networking, and managed services through its CoreWeave Cloud platform. Its solutions support AI model training and inference, visual effects and rendering, and large-scale enterprise compute needs. 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 High-Growth Semiconductor Stocks That Are Profitable in 2025 and 11 Best Nancy Pelosi Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.