CoreWeave, Inc. (NASDAQ:CRWV) is one of the Best Young Tech Stocks to Buy. On December 19, Citi resumed CoreWeave, Inc. (NASDAQ:CRWV) with a Buy rating but lowered the price target from $192 to $135. On December 16, Mizuho lowered the firm’s price target on the stock to $92 from $120 and kept a Neutral rating on the shares. Earlier on December 6, Roth MKM initiated the stock with a Buy rating and a $110 price target.
As per the Fly, analysts at Mizuho Securities note that the adjusted price target reflects the firm’s updated outlook on the software sector. The firm noted that there are plenty of tailwinds for the software sector, including artificial intelligence, data modernization, DevOps, next-generation security, and electronic design automation. Moreover, the firm also believes that the industry’s median 2026 revenue growth projection of low-teens is easily “beatable,” setting up compelling risk/reward for investors into next year.
On the other hand, Roth MKM found CoreWeave, Inc. (NASDAQ:CRWV) as one of the top four market share winners in the AI cloud market. The firm expects the AI cloud market to surpass the traditional internet cloud market in size. Citi highlighted that CoreWeave enjoys a significant competitive edge based on its proven scale in handling AI workloads, rapid speed to market new features, and superior product lineup in terms of pricing compared to its peers.
CoreWeave (NASDAQ:CRWV) is a hyperscale cloud and AI data center company specializing in GPU‑accelerated workloads for artificial intelligence, machine learning, and high‑performance computing.
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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Disclosure: None. This article is originally published at Insider Monkey.