Analysts Lower CoreWeave (CRWV) Price Targets on Delays

CoreWeave, Inc. (NASDAQ:CRWV) is one of the 15 Best Performing AI Stocks Heading into 2026. On November 19, Wells Fargo reaffirmed its Buy rating on CoreWeave, Inc. (NASDAQ:CRWV) with a price target of $150.

However, on November 11, JPMorgan downgraded CoreWeave, Inc. (NASDAQ:CRWV) from Overweight to Neutral and lowered the price target from $135 to $110. The firm cited supply chain challenges that are affecting revenue timing.

The delays are due to a third-party data center developer falling behind schedule. As a result, some of CoreWeave, Inc.’s (NASDAQ:CRWV) expected revenue for the fourth quarter will now come in later than previously projected. JPMorgan noted that the capacity constraints, which were affecting major hyperscalers, are now impacting CoreWeave, Inc. (NASDAQ:CRWV).

The research firm also pointed out the company’s expansion into government contracts by launching CoreWeave Federal. CoreWeave, Inc. (NASDAQ:CRWV) has gained new customers like NASA and the UK government, which makes the government business opportunity more visible.

Despite the near-term challenges, JPMorgan believes CoreWeave, Inc. (NASDAQ:CRWV) has a “tremendous long-term opportunity” to benefit from the growing AI market. The firm highlighted the company’s momentum through big business deals and an expanding customer base.

On November 11, Macquarie also cut its price target on CoreWeave, Inc. (NASDAQ:CRWV) from $140 to $115 and kept a Neutral rating. The research firm noted that delays will affect the company’s performance in the fourth quarter.

CoreWeave, Inc. (NASDAQ:CRWV) is an American AI cloud-computing company that offers cloud solutions for scaling, supporting, and accelerating generative AI.

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Disclosure: None. This article is originally published at Insider Monkey.