UNBELIEVABLE: Down 50 from its highs this analyst thinks coreweave stock can double from here | History Defined

Shares of CoreWeave (CRWV), the artificial intelligence (AI) focused cloud infrastructure provider, have retreated more than 50% from June highs, reflecting investor concerns and post-initial-public-offering volatility. Undeterred, H.C. Wainwright analyst Kevin Dede just upgraded CRWV stock from “Neutral” to “Buy”, assigning a new price target of $180.

Dede argues that the selloff has pushed CoreWeave's valuation deeply below fundamentals, offering a compelling entry point. This bullish outlook is also supported by CoreWeave raising its fiscal 2025 revenue guidance, underscoring the company’s robust demand in AI and cloud infrastructure. Let’s get into further details to better understand the firm's prospects.