Artificial intelligence (AI)-powered cloud computing company CoreWeave (CRWV) is scheduled to announce its second-quarter results on August 12. Despite the pullback over the past month, CRWV stock has jumped 224% from its initial public offering (IPO) price of $40 due to the optimism about AI infrastructure companies. While CoreWeave delivered impressive revenue growth of 420% in Q1 2025, several analysts are cautious due to many reasons, including the stock’s steep valuation, high debt levels, and significant dependence on its major customer, Microsoft (MSFT).
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Moreover, the expiration of CRWV’s IPO lockup is approaching in late September, following which insiders and early investors are allowed to sell the stock.
Meanwhile, Wall Street expects a loss per share of $0.23 on revenue of $1.08 billion for the second quarter. Investors will pay attention to management’s commentary on the demand backdrop and update on the Core Scientific (CORZ) acquisition, given that major CORZ shareholders are demanding better terms.
Analysts Are Cautious on CRWV Stock
While CoreWeave recently earned a rating upgrade to Buy from Citi analyst Tyler Radke, most analysts remain cautious on the stock.
Heading into the Q2 results, Morgan Stanley analyst Keith Weiss increased the price target for CoreWeave stock to $91 from $58, while reiterating a Hold rating. The 5-star analyst noted the strong first-quarter results, which reflected solid execution and accelerating customer demand. However, Weiss cautioned that the upcoming lockup expiration could weigh on CRWV stock in the near term.
Likewise, Goldman Sachs analyst Kash Rangan raised his price target for CoreWeave stock to $120 from $61 and reaffirmed a Hold rating. The 4-star analyst expects CoreWeave to report revenue growth of 173% for Q2 2025, compared to the consensus estimate of 174%, capital expenditure of $3.2 billion, and operating margin of 14% compared to the consensus forecast of 15%.
Rangan noted that the infrastructure buildout is lasting longer than the market initially expected, with companies like Oracle (ORCL) and Microsoft continuing to invest aggressively. He also highlighted that CoreWeave continues to sign large customers and rapidly expand capacity. Despite these positives, Rangan cautioned that customer concentration risk remains significant, particularly after the signing of an additional $4 billion deal with ChatGPT-maker OpenAI. He also pointed out that depreciation continues to weigh down margins, and debt is expected to “remain elevated for the foreseeable future.” Rangan awaits more evidence of revenue durability and a sustainable return on capex investments before turning positive on CRWV stock.
What Is the Price Target for CoreWeave Stock?
Overall, Wall Street is sidelined on CoreWeave stock, with a Hold consensus rating based on 13 Holds, six Buys, and two Sell recommendations. The average CRWV stock price target of $107.59 indicates about 17% downside risk.
