Wall Street sets CoreWeave stock price target for next 12 months
CoreWeave (NASDAQ: CRWV) stock‘s latest recovery in an otherwise red month led to the equity’s first positive Wall Street rating since July 2. Specifically, describing the former cryptocurrency miner as a ‘pioneer and leader’ in the sector focused on purpose-built artificial intelligence (AI) infrastructure, Baird‘s Rob Oliver initiated coverage of the neocloud with a ’Buy rating and a $100 price target, effectively forecasting CRWV shares would soar 25.66% from $79.58 at the latest close in the next 12 months. Additionally, the analyst reflected on the ongoing concerns over the supply-side of building AI infrastructure – arguably a major reason for the 20.05% CoreWeave stock drop in June – by explaining it highlights ‘the importance of execution at a time when demand far outpaces supply.’ CoreWeave stock price one-month price chart. Source: GoogleWhy CoreWeave stock crashed in July Indeed, recent months brought multiple developments leading many investors, observers, and institutional experts to begin wondering if the AI ‘boom’ not only turned into a ‘bubble,’ but is also already bursting. Along with questions regarding how many of the Blackwells Nvidia (NASDAQ: NVDA) reported selling are actually in use amidst data center construction setbacks, pricing changes for GitHub Copilot led to a strong backlash and a flurry of









