Deutsche Bank Flags Short-Term Buy as Citizens JMP Upgrades CoreWeave to Outperform
The calls reflect expectations of near-term revenue upside as AI infrastructure demand outstrips supply.
Overview
- Deutsche Bank issued a short-term “Catalyst Call: Buy” on CoreWeave while maintaining its longer-term hold rating.
- The bank highlighted meaningful powered shell datacenter capacity expected online over the next 12–18 months that is not yet signed to customer contracts.
- Deutsche Bank described near-term AI infrastructure demand as almost insatiable and pointed to Q3 results, potential new contracts, and incremental capacity as catalysts.
- Citizens JMP raised the stock to Outperform from Market Perform and set a $180 price target based on estimated 2027 revenue and operating profit multiples.
- Citizens JMP said investors misunderstand CoreWeave’s revenue model and cited accelerating GPU-as-a-Service outsourcing, pointing to Oracle’s $450 million RPO and reports of Microsoft’s $17 billion Nebius contract.