CoreWeave secured $40 billion in long-term contracts during Q1 2026 and targets $30 billion in annual recurring revenue. Cantor Fitzgerald set a $167 price target, while the company expects revenue to double to $2.6 billion despite a projected $1.25 per share loss next year.
Cantor Fitzgerald upgraded CoreWeave to Overweight with a $167 price target, highlighting the company’s execution of $40 billion in long-term contracts during Q1 and steady progress toward a $30 billion annual recurring revenue goal.
Management forecasts revenue to double to $2.6 billion in the coming year, but expects a non-GAAP loss of $1.25 per share, underscoring ongoing challenges in achieving profitability.
CoreWeave will be added to the Nasdaq-100 index soon, a development likely to enhance stock liquidity and attract passive and institutional capital to its shares.
Chief Financial Officer Nitin Agrawal sold 63,891 Class A shares for nearly $6 million last week, a move that may reflect portfolio diversification or personal liquidity needs.
Barrons
