Morgan Stanley analyst Keith Weiss has raised his price target on CoreWeave (CRWV) to $99 from $91, while maintaining a Hold rating. The revision follows CoreWeave’s better-than-expected Q3 earnings and reflects growing confidence in the company’s role as a key infrastructure provider in the rapidly expanding generative AI ecosystem.
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It must be highlighted that following the earnings release, CRWV stock dropped 16.3% due to a delay in a third-party data center buildout, which led CoreWeave to slightly lower its 2025 revenue outlook.
Also, Weiss’ move stands out as several other analysts lowered their price targets following the report.
Here’s Why Weiss Raised the Target
Despite the near-term setback, Weiss sees strong demand from top GenAI clients as proof that CoreWeave is well-positioned in the growing GPU infrastructure space.
Weiss also noted that the company is reducing customer concentration risk. Thanks to deals with Nvidia (NVDA) and Meta (META), no single client now accounts for more than 35% of its revenue backlog.
Still, the analyst cautioned that consistent execution remains a challenge, especially when scaling GPU infrastructure in a constrained supply environment.
While Weiss is not bullish yet, he suggests that for long-term investors who believe in the GPU boom, a dip in CRWV stock could present an attractive entry point.
Importantly, the stock has surged over 138% since its IPO in March, reflecting investor optimism about CoreWeave’s prospects.
Is CRWV a Good Stock to Buy?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on CRWV stock based on 12 Buys, 13 Holds, and one Sell assigned in the past three months. Further, the average CoreWeave stock price target of $149.29 per share implies 68.9% upside potential.
