CoreWeave's Q2 revenue surged 112% year-over-year to $2.58 billion, with a backlog of $104 billion. The average analyst price target is $144.
CoreWeave (CRWV) reported Q2 revenue of $2.58 billion, a 112.32% year-over-year increase, and ended the quarter with a backlog of $104 billion. The current share price is approximately $84.89, down 38% from its May high. The consensus target price from 37 analysts is $144, implying an upside of about 70%. The company's Q2 free cash flow was negative $5.74 billion, and its full-year 2026 capital expenditure guidance was raised to $35 billion to $39 billion, with total liabilities reaching $72.05 billion.
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