Citizens JMP Upgrades CoreWeave (CRWV) to Outperform, Sets $180 Price Target

CoreWeave, Inc. (NASDAQ:CRWV) is one of the AI Stocks Making Headlines This WeekOn September 16, Citizens JMP upgraded the stock to “Outperform” from Market Perform.

The firm believes that investors are not aware enough of how the firm generates its revenue. This is why the stock is misunderstood.

Moreover, analyst Greg Miller sees accelerating hyperscale outsourcing in the GPU-as-a-Service (GPUaaS) market. He pointed to Oracle’s $450 million record RPO and Microsoft’s reported $17 billion contract with Nebius as an indication of this trend.

“We are upgrading shares of CoreWeave to Market Outperform from Market Perform and establishing a price target of $180, which represents multiples of ~6.0x and 22.0x on estimated 2027 revenue and operating profit, respectively, well below Oracle’s whose success is largely driven from an identical source.”

CoreWeave, Inc. (NASDAQ:CRWV) is a cloud platform provider that provides equipment for AI and other computing purposes.

While we acknowledge the risk and potential of CRWV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CRWV and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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