5 Underperforming Data Center Stocks to Buy According to Short Sellers

3. CoreWeave Inc. (NASDAQ:CRWV)

One-month Performance: -31.5%

Based on a report released on July 2, Northland Securities analyst Nehal Chokshi reaffirmed a Buy rating on CoreWeave Inc. (NASDAQ:CRWV) and the price target of $165. The firm’s price target reflects an additional 101% upside from here on, which is quite attractive for investors. Moreover, among the 39 Wall Street analysts covering the stock,  the highest price target stands at $302, representing a compelling 269% upside from current levels.

On the same day, BNP Paribas highlighted CoreWeave Inc.’s (NASDAQ:CRWV) strong position in the growing AI infrastructure market. According to the firm, demand for AI computing capacity continues to exceed supply, creating a favorable pricing environment across the industry. It also believes the company’s recent share price underperformance could present a catch-up opportunity as its execution improves in the second half of 2026.

BNP Paribas analyst Stefan Slowinski commented:

CoreWeave is simply further along in its capacity build relative to its neocloud peers (~1 GW of active power vs. ~200 MW at Nebius) and could soon reach a point where margin volatility moderates as net new deployments become a smaller percentage of the existing installed base. With a favorable pricing backdrop, effective use of asset-backed leverage, and a broadly declining cost of capital, we continue to view the risk/reward as attractive at these levels.

CoreWeave Inc. (NASDAQ:CRWV) is a software infrastructure company that offers the CoreWeave Cloud platform to deliver the automation & efficiency needed to manage AI infrastructure at scale.