Key Stats for CoreWeave Stock
- 52-Week Range: $60.55 to $153.20
- Current Price: $88.01
- Street Mean Target: ~$144
- Street High Target: $317
- LTM Gross Margin: 67.4%
- Fwd 2-Yr Revenue CAGR: ~127%
- LTM Net Debt: $46B
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CoreWeave Is Growing at a Rate That Almost Defies Description
CoreWeave (CRWV) is what the industry calls a hyperscaler for AI, a company that builds and operates massive clusters of GPU-powered infrastructure specifically designed for artificial intelligence workloads.
Enterprises, AI labs, and developers rent access to that infrastructure rather than building it themselves, paying CoreWeave for compute time, storage, and the networking that ties it all together.
The company went public in early 2026 and has spent most of its short life as a public company trading well below its IPO peak, but the underlying business has been growing at a pace that commands serious attention regardless of where the stock sits on any given day.
Second quarter revenue came in at $2.575 billion, more than double the $1.212 billion reported in the same quarter a year ago.
CEO and co-founder Michael Intrator framed the quarter directly: “CoreWeave reached an important inflection point this quarter as our scale began to translate into expanding operating leverage.
Customer demand is accelerating, as enterprise adoption broadens and we continue to deepen our technology platform.” The revenue chart below gives a sense of where analysts expect that trajectory to go, and the numbers are striking.
Consensus estimates project full-year 2026 revenue of roughly $12.9 billion, rising toward $26 billion in 2027 and continuing to compound from there. Every bar beyond 2025 is an estimate rather than reported history, and the spread between bull and bear cases at that scale is enormous.
What makes the growth rate plausible is the backlog: CoreWeave has committed customer contracts representing billions in future revenue not yet recognized, giving near-term visibility that most early-stage companies simply do not have.
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The Margin Profile Tells a More Encouraging Story Than the GAAP Numbers
One number that gets lost in CoreWeave conversations is gross margin, because the headline GAAP figures are genuinely ugly. The company posted a net loss of $628 million in Q2 on a net margin of 24%, and the debt load of $46 billion in net debt at over 8 times EBITDA is substantial.
But the path to profitability runs through gross margin, and the chart below shows that those unit economics have matured remarkably quickly.
Gross margin was just 23% at the end of 2022, when CoreWeave was still in early buildout mode. By 2023, it had jumped to nearly 70%, and it has held in the 72 to 74% range since.
This is a software-like gross margin profile sitting on top of a capital-intensive infrastructure business, reflecting CoreWeave’s ability to price compute capacity at a significant premium to cost.
The operating losses are driven primarily by depreciation and amortization on the GPU infrastructure, which ran to $1.393 billion in Q2 alone. As the asset base matures and capital intensity moderates, the gap between gross profit and operating profit narrows considerably.
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What Wall Street Thinks About CRWV Right Now
At $88 per share, CoreWeave trades roughly 42% below its 52-week high and well below where most analysts see fair value.
The Street mean target of around $144 implies an upside of roughly 64%, and the median of $150 tells a similar story.
Buy-equivalent ratings have grown from 6 in mid-2025 to 26 today out of 38 total estimates, a meaningful shift in conviction that has tracked the revenue acceleration closely.
The wide dispersion in targets reflects how uncertain the investment case genuinely is. The high target of $317 implies that CoreWeave will become one of the defining infrastructure platforms of the AI era.
The low of $39 reflects the risk that customer concentration, hyperscaler competition, and the weight of the debt load eventually overwhelm the growth story. Both outcomes are plausible depending on how the next few years unfold, which is why position sizing matters so much here.
Should You Buy CoreWeave Stock?
CoreWeave is a genuine bet on AI infrastructure becoming one of the most valuable markets of the next decade, and Q2 showed the company executing on the revenue side at a level that justifies the attention.
The gross margin profile is encouraging, the backlog provides near-term visibility, and the Street’s growing conviction is hard to dismiss.
What cannot be ignored is the debt, the ongoing losses, the capital intensity, and the fact that the largest cloud providers are CoreWeave’s most formidable potential competitors. For investors with high risk tolerance and a long horizon, the setup at $88, with a mean target near $144, is worth serious evaluation. For most, sizing the position to reflect the genuine uncertainty is the more prudent path.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any of the stocks mentioned. Thank you for reading, and happy investing!
