Analysts Reaffirm Buy on CoreWeave (CRWV) Following Expanded NVIDIA Partnership and Growth Plans

CoreWeave Inc. (NASDAQ:CRWV) ranks among the best innovative stocks to buy according to Wall Street analysts. Following CoreWeave Inc.’s (NASDAQ:CRWV) improved partnership with NVIDIA, DA Davidson reaffirmed a Buy rating on the company’s shares with a $110 target price. The company stated that it will accelerate the development of over 5 gigawatts of capacity by 2030, with a $2 billion equity contribution from NVIDIA.

Analyst Alex Platt stated that the NVIDIA agreement gives CoreWeave Inc. (NASDAQ:CRWV) the “necessary support to sustainably build their future infrastructure.”

Stifel also addressed the expanded collaboration, claiming that the $2 billion equity funding will allow CoreWeave Inc. (NASDAQ:CRWV) to accelerate the development of up to 200MW of capacity by 2030 as part of its broader 5GW “AI Factory” strategy, while contributing to a significant reduction in weighted average cost of capital.

CoreWeave Inc. (NASDAQ:CRWV) operates a cloud platform that provides scaling, support, and acceleration for GenAI. It builds the infrastructure that supports enterprise compute workloads.

While we acknowledge the potential of CRWV to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CRWV and that has 100x upside potential, check out our report about this cheapest AI stock.

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