Overview
- CoreWeave shares rose 8% to $38.12 on April 22, following bullish coverage from major Wall Street brokerages.
- Goldman Sachs set the highest price target at $54, while J.P.Morgan issued a more cautious $43 target, citing volatility risks.
- The company operates 32 data centers with over 250,000 Nvidia GPUs, reinforcing its leadership in AI infrastructure.
- CoreWeave's $11.9 billion contract with OpenAI and reliance on its top two clients for 77% of revenue were highlighted as key risks.
- Despite trading below its $40 IPO price, analysts remain optimistic about CoreWeave's position in the growing AI compute market.