Wolfe Research Maintains Outperform rating on CoreWeave (CRWV)

CoreWeave Inc. (NASDAQ:CRWV) is one of the 10 Best Data Center Stocks to Buy in July. On July 6, Investing.com reported that Wolfe Research maintained an Outperform rating on CoreWeave while keeping a $150.00 price target on the stock.

10 Best Stocks to Buy for Next-Gen Data Centers

A new data center facility in Plano, Texas. Photo from CoreWeave

The analyst noted that CoreWeave expects the second quarter to be the largest quarter for active power added in fiscal 2026. It estimates the second-quarter backlog at approximately $110 billion to $115 billion, lower than some investors’ expectations of $125 billion to $130 billion.

Moreover, Wolfe Research believes that CoreWeave will exit fiscal 2026 with a backlog exceeding $135 billion. It highlighted that planned capacity supports potential upside to fiscal 2027 annual recurring revenue targets.

In other news, CoreWeave launched an AI Research and Iteration Agent, called CoreWeave ARIA (AI Research & Iteration Agent), with autonomous research and collaborative intelligence on June 29. The AI research agent built directly into Weights & Biases (W&B) by CoreWeave accelerates the AI research loop by closing the gap between analysis and action, turning the data teams already generate into a compounding engine for better models and more reliable agents. The AI research agent analyzes thousands of runs and tens of thousands of metrics in minutes.

CoreWeave Inc. (NASDAQ:CRWV) is an AI cloud computing company that specializes in providing cloud-based graphics processing unit (GPU) infrastructure to AI developers and enterprises.

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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