With market capitalization of $64.35 billion, CoreWeave, Inc. (NASDAQ:CRWV) is among the 10 Stocks That Could Double Over the Next 2 Years.
On June 15, Cantor Fitzgerald reiterated its Overweight rating and $167 price target on CoreWeave, Inc. (NASDAQ:CRWV), following the company’s disclosure of additional details within its bond offering memorandum that the firm believes equity investors have largely overlooked. According to the analyst, CoreWeave’s reported run-rate EBITDA based on signed contracts provides valuable insight into the pace of contract wins and backlog expansion during the quarter. Cantor Fitzgerald believes the company is positioned to significantly exceed consensus backlog expectations for the second quarter of 2026, potentially matching nearly $40 billion in new contract activity achieved during the prior quarter. The firm also estimates that CoreWeave has already secured approximately 90% of its targeted $30 billion annual recurring revenue objective for 2027, strengthening confidence in the company’s growth trajectory.
Earlier, on June 2, BNP Paribas initiated coverage of CoreWeave, Inc. (NASDAQ:CRWV) with an Outperform rating and a $192 price target. The firm described CoreWeave as one of the most strategically important participants in the artificial intelligence infrastructure landscape, highlighting its role as a preferred cloud partner for many leading AI developers. BNP Paribas also emphasized the company’s differentiated software and cloud technology stack, which it believes provides a competitive advantage in serving the rapidly growing computational requirements of advanced AI models.
CoreWeave, Inc. (NASDAQ:CRWV) is an AI-focused hyperscale cloud infrastructure provider headquartered in Livingston, New Jersey, and founded in 2017. The company delivers high-performance computing resources to artificial intelligence developers, research organizations, and major technology companies that require large-scale computing power to train and deploy advanced AI systems.
While we acknowledge the potential of CRWV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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