
Citizens JMP Securities upgraded CoreWeave to Market Outperform with a $180 price target, implying over 49% upside, citing a recent $6.3 billion Nvidia order and anticipated growth in hyperscaler outsourcing of GPU cluster deployment. Analyst Greg Miller expects this trend to drive the GPU-as-a-Service market to $300 billion by 2030, outweighing investor sensitivity to prior share price volatility and 2H25 margin compression, despite a generally mixed analyst consensus.
Citizens JMP Securities has upgraded CoreWeave (CRWV) to market outperform, issuing a two-month price target of $180 which implies over 49% upside from its previous close. The upgrade is primarily driven by the thesis that a wave of outsourcing by hyperscalers will overwhelm near-term negatives. This view is supported by a recent order worth at least $6.3 billion from Nvidia and is seen as a harbinger of accelerating demand, which has already propelled the stock over 7% in a single day and more than 20% in the past month. The analyst projects the GPU-as-a-Service (GPUaaS) market could grow to $300 billion by 2030 from $3-$4 billion in 2025, citing rising remaining performance obligations (RPO) at firms like Oracle as evidence of this structural shift. However, this bullish outlook is tempered by existing investor concerns, including a previous ~30% share price decline after an earnings report and new expectations for margin compression in the second half of 2025. The analyst's positive stance is also a minority view, as 15 of 26 analysts covering the stock rate it as a hold or lower.
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strongly positive
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0.75
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