CRWV
New target, same enthusiasm
Evercore ISI just raised its price target on CoreWeave to $150 from $120 and kept the stock on Outperform. In analyst-speak, that’s basically: “Yes, this thing still has more room to run.”
Why the Street is getting excited
The upgrade follows CoreWeave’s announcement of a major expansion with Jane Street, a deal Evercore thinks could mean:
- more than $1 billion in annual revenue
- roughly 100 to 120 megawatts of compute capacity
- a five-year contract, if the math holds up
That’s not pocket change. That’s the kind of contract that makes a cloud provider look less like a startup and more like a power utility wearing a hoodie.
The bigger check matters too
Jane Street also put $1 billion into CoreWeave’s Class A common stock at $109 per share to help fund the buildout. So this wasn’t just a customer handshake — it came with actual cash on the table, which tends to make growth stories feel a lot less theoretical.
Big picture
CoreWeave has been stacking up the kind of headlines that traders love: giant customer commitments, a fresh equity investment, and now a higher price target from Evercore. The stock already surged 31.8% over the past week, so the bar is getting higher — but for now, Wall Street seems happy to keep cheering from the sidelines.
Big picture: CoreWeave is starting to look like one of those AI picks-and-shovels names where the demand story keeps outrunning the skepticism.