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24/7 Wall St. sets CoreWeave (CRWV) price target at $166.75 by August 2027, implying a double from current levels.
The firm maintains a 'Buy' rating with medium confidence, citing CoreWeave's $104 billion backlog against a sub-$50 billion market cap and strong revenue growth. However, it also notes the company's significant cash burn, with negative $5.74 billion in free cash flow last quarter and full-year capital expenditure guided up to $39 billion.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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