Evercore ISI initiated coverage of CoreWeave (CRWV) with an Outperform rating and $175 price target While the firm concedes that the stock will be volatile near-term, it sees higher probability CoreWeave is able to sustain and scale their differentiation from training to inferencing, the analyst tells investors. The firm views CoreWeave as uniquely positioned to be the “Infrastructure-as-a-Service” provider for not just AI-centric customers, but also for enterprises looking to build, run and deploy AI applications, adding that accelerating revenue growth should drive sustained long-term margin and EPS inflection.
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