Analysts Reaffirm Buy on CoreWeave (CRWV) Following Expanded NVIDIA Partnership and Growth Plans

CoreWeave Inc. (NASDAQ:CRWV) ranks among the best innovative stocks to buy according to Wall Street analysts. Following CoreWeave Inc.’s (NASDAQ:CRWV) improved partnership with NVIDIA, DA Davidson reaffirmed a Buy rating on the company’s shares with a $110 target price. The company stated that it will accelerate the development of over 5 gigawatts of capacity by 2030, with a $2 billion equity contribution from NVIDIA.

Analyst Alex Platt stated that the NVIDIA agreement gives CoreWeave Inc. (NASDAQ:CRWV) the “necessary support to sustainably build their future infrastructure.”

Stifel also addressed the expanded collaboration, claiming that the $2 billion equity funding will allow CoreWeave Inc. (NASDAQ:CRWV) to accelerate the development of up to 200MW of capacity by 2030 as part of its broader 5GW “AI Factory” strategy, while contributing to a significant reduction in weighted average cost of capital.

CoreWeave Inc. (NASDAQ:CRWV) operates a cloud platform that provides scaling, support, and acceleration for GenAI. It builds the infrastructure that supports enterprise compute workloads.

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Disclosure: None. This article is originally published at Insider Monkey.