CoreWeave (CRWV) Rated Overweight Amid Rising AI Demand

CoreWeave, Inc. (NASDAQ:CRWV) is among the trending AI stocks on Wall Street. On August 27, Cantor Fitzgerald analyst Thomas Blakey initiated coverage on the stock with an Overweight rating and a price target of $116.00.

The firm expressed optimism about CoreWeave shares, citing a healthy balance between significant AI market opportunities and dynamic execution risks.

CoreWeave is expected to benefit from secular growth trends in AI, particularly in large language model (LLM) training and inference-based usage, as a software-driven AI-focused hyperscaler. This unique demand and top-line growth setup in the coming years may lead to long-term customer concentration, financing, and power-related execution risks.

CoreWeave, Inc. is a cloud platform provider that supplies equipment for AI and other computing purposes.