CoreWeave (CRWV) and Nebius (NBIS) will both report quarterly results next week. CoreWeave reports after the market closes on August 11, followed by Nebius before the market opens on August 12. Using TipRanks’ Stock Comparison Tool, we compare the two AI infrastructure stocks to see which one Wall Street prefers ahead of earnings.
Summer Sale - Claim 70% Off TipRanks
Explore CWVX for 2X leverage on CRWVBoth companies carry Moderate Buy consensus ratings, but Wall Street currently sees more upside in CoreWeave. According to TipRanks data, the CRWV stock’s average price target of $128.48 implies about 51% upside, while Nebius’ average target of $248.33 suggests roughly 31% upside over the next 12 months.
What to Expect from CoreWeave
CoreWeave stock is up about 19% this year. The AI cloud company heads into earnings with a $99.4 billion backlog, reflecting continued demand for its cloud services.
Wall Street expects the company to report a loss of $1.22 per share on revenue of about $2.55 billion, up roughly 111% from a year ago.
Investors will watch whether CoreWeave can continue converting its backlog into revenue. Management previously said about 36% of those contracts should be recognized over the next two years. They will also look for updates on capital spending. CoreWeave expects to spend $31 billion to $35 billion this year as it expands its AI data center capacity.
What to Expect from Nebius
Nebius stock is up about 126% this year, even after its recent pullback. Wall Street expects the company to report a loss of $0.67 per share on revenue of about $573 million, representing growth of more than 400% from a year ago.
Investors will watch whether Nebius can maintain that growth after signing a more than $1 billion multi-year AI cloud agreement with Reflection AI.
Investors will also look for updates on the company’s outlook. Nebius continues targeting $7 billion to $9 billion in annualized run-rate revenue by the end of 2026. The company also plans $20 billion to $25 billion in capital spending.
Top Analyst’s Take on CRWV and NBIS Ahead of Results
Ahead of the Q2 print, Piper Sandler analyst James Fish initiated coverage on both AI infrastructure companies. The firm started CoreWeave with an Overweight rating and a $151 price target, while assigning Nebius a Neutral rating and a $224 target.
Piper believes both companies should benefit from rising AI infrastructure spending. Even so, it prefers CoreWeave because of its software platform and long-term customer agreements. The firm believes those strengths give CoreWeave a better risk-reward profile.
Fish is a five-star analyst on TipRanks, ranking #939 out of the 12,428 analysts tracked. He has a 58% success rate and an average return per rating of 12.40%.
