Bond.az - Deutsche Bank reiterated a Buy rating and $135 price target on CoreWeave (NASDAQ:CRWV). The stock trades at $105.49, with a market cap of $57.6 billion.
The firm noted that demand for AI infrastructure has boosted public cloud revenue and backlog, allowing established providers to accelerate and new entrants to scale.
Margins face pressure from a shift to lower-margin AI services and upfront costs. CoreWeave maintains a 69% gross margin but reported a loss of $3.15 per share over the past twelve months.
Deutsche Bank said CoreWeave's active contracts deliver attractive economic returns over their multi-year term.
