CoreWeave's Stock: A Closer Look at the Ups and Downs

CoreWeave, a company providing crucial support for the AI world, just shared its Q3 earnings. The news was a mix of good and not-so-good. On one hand, the company did better than expected, but on the other, it had to lower its revenue predictions for 2025. This happened because a third-party data center project got delayed. After the earnings report, the stock price dropped by 16. 3%. Despite this setback, one analyst, Keith Weiss from Morgan Stanley, raised his price target for CoreWeave from $91 to $99. He kept his rating at "Hold, " though. Weiss thinks CoreWeave is in a strong position because of the growing demand for its services from big AI clients. He also noted that the company is reducing its reliance on any single client, thanks to new deals with Nvidia and Meta. However, Weiss warned that managing growth and scaling up in a tight supply environment is still a challenge. Weiss isn't super bullish yet, but he suggests that for long-term investors who believe in the future of AI, a dip in CoreWeave's stock could be a good chance to buy in. It's worth noting that the stock has surged over 138% since its IPO in March, showing that investors are optimistic about CoreWeave's future. Looking at what other analysts think, CoreWeave has a "Moderate Buy" rating. Out of the ratings in the past three months, there have been 12 "Buys, " 13 "Holds, " and 1 "Sell. " The average price target is $149. 29, which implies a potential upside of 68. 9%.