Cantor Fitzgerald Initiates Buy on CoreWeave (CRWV), Citing AI Growth

CoreWeave, Inc. (NASDAQ:CRWV) is one of the best tech stocks to buy according to hedge funds. On August 27, Cantor Fitzgerald initiated coverage of CoreWeave, Inc. (NASDAQ:CRWV) with a Buy rating along with a price target of $116.

The firm noted the cloud company’s “significant AI market opportunity” despite the 131% run since its IPO on March 28, 2025. That said, the stock has retreated by a little over 50% since topping at $187 on June 20.

CoreWeave, a pioneer in specialized AI cloud services provider has benefited from huge, long-term partnerships with companies like Nvidia and Microsoft, with the latter accounting for a huge portion of its revenue. This year, the company has been spreading its wings in AI data centers across the U.S. and Europe, including a $6 billion data center in Pennsylvania.

However, the company has raised substantial debt in order to fuel its growth. As of Q2 2025, the company had a total debt of $11.05 billion on its balance sheet. Also, the company’s valuation remains a concern for some analysts, with the TTM price-to-sales ratio standing at 12.85x. That said, Wall Street expects the company’s revenue to grow to nearly $12 billion in 2026.

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Disclosure: None.