Financial publication 24/7 Wall St. set a $164 price target for CoreWeave (CRWV), signaling significant potential upside. CoreWeave reported second-quarter 2026 revenue of $2.58 billion. Revenue rose 112% year over year. The company reported a signed revenue backlog of $104 billion.
Other financial news outlets have also reported these growth metrics, which reflect demand for CoreWeave’s AI-focused cloud infrastructure. Early in the third quarter, the company secured more than $25 billion in new customer commitments. Cantor Fitzgerald set a price target of $176. Truist Securities set a target of $165.
Reports also flag the company’s significant debt, rising interest expenses, and negative cash flow as risks for investors. CoreWeave’s capital-intensive expansion of data center capacity is a key source of financial pressure.