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Analysts Split on CoreWeave as Blackwell Upside Collides With Leverage Risk

Fresh notes flag revenue shifts into Q2 2026, highlighting Nvidia's capacity backstop.

Overview

  • Cantor Fitzgerald reaffirmed an Overweight rating with a $131 target, citing growing adoption of Blackwell GPUs and shifting some revenue from late 2025 and early 2026 into Q2 2026.
  • Truist initiated coverage at Hold with an $84 target, pointing to heavy leverage, intensive capex needs, and customer concentration despite a strong AI client roster.
  • Nvidia holds roughly 7% of CoreWeave and has agreed to purchase up to $6.3 billion of unsold capacity through April 2032, which analysts view as a long-term cushion.
  • CEO Michael Intrator disclosed about $4.7 million in share sales on Jan. 6 in a Form 4 filing with the SEC.
  • Recent coverage underscores rapid growth alongside losses and rising debt—Q3 revenue rose 134% year over year while one analysis now pegs total debt near $18 billion—after earlier commentary on a third-party data center delay weighing on Q4.