CoreWeave gains on power access and AI demand as analysts weigh in
CoreWeave, Inc. saw its stock increase following multiple analyst ratings and infrastructure developments. Truist Securities upgraded the stock to Buy with a $126 price target, while BofA Securities maintained a Buy rating and raised its 2026 capex estimate to $34 billion. The company secured 800 megawatts of gross power capacity at Galaxy Digital Inc.'s Helios campus via a 15-year lease for Phase II. Additionally, CoreWeave expanded into AI inference through a partnership with Anam. Technical indicators show the stock remains below key moving averages, with resistance near $95.
*this image is generated using AI for illustrative purposes only.
CoreWeave, Inc. (NASDAQ: CRWV) shares jumped on Wednesday as investors weighed supportive analyst commentary, long-term power access and the company’s expansion into real-time AI inference. The stock rose 5.37% to $83.85, driven by optimism over GPU demand and infrastructure securing.
Analysts Assess Growth
BofA Securities maintained a Buy rating and a $140 price target, noting that GPU demand continues to exceed available supply. The firm raised its 2026 capital expenditure estimate to $34 billion as CoreWeave targets 1.7 gigawatts of active power by year-end.
Truist Securities upgraded CoreWeave from Hold to Buy while lowering its price target from $131 to $126. Baird initiated coverage with an Outperform rating and a $100 target. Jefferies maintained its Buy rating but cut its price target from $160 to $150. Barclays maintained an Equal-Weight rating and lowered its target from $120 to $90.
| Firm | Rating | Price Target |
|---|---|---|
| BofA Securities | Buy | $140 |
| Truist Securities | Buy | $126 |
| Jefferies | Buy | $150 |
| Baird | Outperform | $100 |
| Barclays | Equal-Weight | $90 |
Helios Secures Capacity
CoreWeave’s agreements at Galaxy Digital Inc.’s (NASDAQ: GLXY) Helios campus provide 800 megawatts of gross power capacity, equal to 526 megawatts of critical IT load, across multiple phases. Galaxy’s latest filing covers a 260-megawatt Phase II project leased to CoreWeave under a 15-year base term with two five-year extension options. The project includes two buildings and eight data halls, with initial rent commencement targeted for the second quarter of 2027.
AI Inference Expands
CoreWeave is expanding into latency-sensitive AI workloads. The company said its AI cloud and NVIDIA RTX PRO 6000 Blackwell Server Edition GPUs will power Anam’s real-time photorealistic avatars. The Anam partnership broadens CoreWeave’s exposure to AI inference, while the Helios leases provide infrastructure for continued GPU deployment.
Technical Levels and Forecast
Despite Wednesday’s gain, CRWV remains below its 20-day and 50-day moving averages, keeping the intermediate trend under pressure. Resistance sits near $95, while support is around $70.50. The next catalyst arrives with the estimated earnings report on August 11, 2026. Analysts estimate an EPS loss of $1.27 and revenue of $2.56 billion.
How will the shift toward latency-sensitive AI inference workloads impact CoreWeave's margins compared to traditional training tasks?
Can CoreWeave successfully secure the additional 900 megawatts of power required to meet its 1.7 gigawatt year-end target?
Will the divergence in analyst price targets influence institutional investor sentiment ahead of the August 2026 earnings report?
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