CoreWeave Q2 revenue slightly beats estimates amid broadening customer base
CRWV•Analyst coverage
The current average analyst rating on the shares is buy, with 27 strong buy or buy ratings, 11 hold ratings, and 2 sell or strong sell ratings.
The average consensus recommendation for the IT services and consulting peer group is buy.
Wall Street's median 12-month price target for CoreWeave is $150.00, about 70.1% above its August 10 closing price of $88.19.
Drivers and outlook
CoreWeave said accelerating enterprise adoption and a broadening customer base drove revenue growth.
It also cited rapid scaling of purpose-built AI infrastructure, increased contracted power, and the launch of new cross-cloud capabilities and technology milestones as contributors to the quarter.
The company did not provide specific guidance in the press release.
Key quarterly metrics
| Metric | Actual | Consensus Estimate |
|---|---|---|
| Q2 Revenue |
