CoreWeave Outperform, $150 PT on AI Gap

Wolfe Research initiates coverage on CoreWeave (CRWV) with Outperform rating and $150 price target, citing strong financing and partnerships.
Report highlights neoclouds like CoreWeave and Nebius filling AI GPU supply gap as hyperscalers struggle to meet demand.
Analysts project FY27 revenue 3% above street and margin expansion of 7 percentage points for CoreWeave.
Nebius rated Peer Perform with $48 billion committed backlog from Microsoft and Meta, but faces execution risk on infrastructure builds.