CoreWeave's stock (NASDAQ: CRWV) has seen its price fly since its induction in March 2025, more than tripling since the IPO.
However, CoreWeave's journey has not been without its challenges. The company's IPO on the Nasdaq, initially projected to raise up to $2.7 billion, was ultimately downsized to $1.5 billion amidst market skepticism regarding AI-linked financial models and concerns about CoreWeave's debt load and customer concentration.
This pause has proved to be very wrong so far, as whilst shares were priced at $40 each, below the initially anticipated range, CRW now sits above $175.
YOUR CAPITAL IS AT RISK
CoreWeave Share Price Targets
Analysts have set a 12-month price target for CoreWeave with an average expectation of $84.91, ranging from a high of $185.00 to a low of $36.00, highlighting the difficulty in pricing the name at this stage.
Our View: You would be wise to consider the views of the analyst community in conjunction with the fundamentals surrounding the company to properly determine a value for the stock that you feel is appropriate.
At the upper end of analysts estimates it would be easy to get carried away with the potential gains on show, but the flipside is that these targets can shift within the blink of an eye and that the view of analysts is very dynamic.
If you are considering swing trading, or day trading CoreWeave shares that is a separate consideration, but for those planning for the long haul, fundamental analysis is king.
CoreWeave Inc. – The Basics Driving The Business
CoreWeave's core business revolves around providing specialized cloud infrastructure tailored for compute-intensive workloads like AI, machine learning, and visual effects rendering. Unlike general-purpose cloud providers, CoreWeave has built its platform from the ground up using high-performance hardware, particularly NVIDIA GPUs, optimized for these demanding applications.
This specialization has allowed the company to carve out a niche in the rapidly expanding AI infrastructure market, attracting key clients like OpenAI and securing crucial partnerships with tech giants like Google.
The company's ascent has been nothing short of remarkable. Its first-quarter earnings as a public entity, reported in May 2025, revealed a revenue of $981.6 million, significantly exceeding Wall Street's expectations of $852.9 million.
This stellar performance, directly attributable to the surging demand for AI infrastructure, propelled an 11% surge in share value during after-hours trading.
One of the cornerstones of CoreWeave's success has been its strategic alignment with OpenAI. A five-year, $11.9 billion cloud-computing deal inked prior to the IPO solidified this relationship, with OpenAI also acquiring a $350 million stake in CoreWeave through a private placement.
This partnership provides CoreWeave with a significant revenue backlog and positions it as a key enabler of OpenAI's ambitious AI initiatives, including the continued development and deployment of ChatGPT and other advanced models.
Furthermore, a recent development on June 11, 2025, saw CoreWeave gaining a pivotal role in Google's new cloud partnership with OpenAI, providing compute capacity to Google Cloud, which will then be redistributed to OpenAI.
