CoreWeave (CRWV) Draws Bullish Call as Cantor Sees Upside From Blackwell GPUs

CoreWeave, Inc. (NASDAQ:CRWV) is one of the AI Stocks Analysts Are Watching Closely. On January 5, Cantor Fitzgerald analyst Thomas Blakey reiterated an Overweight rating on the stock with a $131.00 price target. Despite short-term revenue timings shifts, firm analysts see long-term upside from Blackwell GPU adoption and discounted valuation vs peers.

The firm told investors in a research note that it has adjusted its estimates, shifting some revenue from Q4 2025 and Q1 2026 to Q2 2026 due to potential for further pushouts. Meanwhile, it has kept overall calendar year 2026 and 2027 projections relatively unchanged and slightly above consensus revenue estimates.

Cantor continues to believe in the AI infrastructure provider, noting how it is poised to benefit from AI hyperscale demand and next-generation GPU demand. The company currently has double-digit percentage of its fleet running on Blackwell GPUs, which is anticipated to increase throughout 2026 and 2027.

“Gemini’s end of C25 uptick in terms of performance versus peers, buoyed by Google’s TPUs, created a buying opportunity in CRWV shares that now trade ~3x C27 compared to ORCL at 6x and MSFT at 9x. On an EV/R/G, CRWV shares are trading 0.05x C27, a considerable discount to infrastructure software average 0.40x (median 0.3x). CoreWeave currently has DD% of its fleet running on Blackwell GPUs, in our view, and we expect this percentage to climb in C26 and even more so in C27. We believe exiting C27 CoreWeave’s full contracted 2.9 GW could be sold and nearly activated, creating a forward-looking $30b+ revenue run rate opportunity for C28, or an over 80% C25-C28 revenue CAGR, justifying our $131 PT.”

CoreWeave, Inc. (NASDAQ:CRWV) is a cloud platform provider that provides equipment for AI and other computing purposes.

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