On Wednesday, August 12, CoreWeave (NASDAQ: CRWV) stock saw a veritable deluge of Wall Street analyst rating and price target updates.
Specifically, no fewer than twelve institutional experts revised their outlook for the neocloud, with as many as eight issuing a positive recommendation and only four assessing the equity as a ‘Hold.’ Additionally, CoreWeave shares received no ‘Sell’ ratings on the morning of August 12.
Simultaneously, Wells Fargo’s (NYSE: WFC) Michael Turrin proved the most optimistic among his peers when he revised his 12-month price target for CRWV stock from $155 to $160 and assigned a ‘Buy’ recommendation to the neocloud.
On the flip side, Ryan Lountzis from Morgan Stanley (NYSE: MS) was the least bullish, having issued a ‘Hold’ rating on CoreWeave equity and a relatively bearish $99 forecast.
CoreWeave earnings bolster Wall Street confidence
Elsewhere, the flood of Wall Street revisions came shortly after the cryptocurrency miner-turned-artificial intelligence (AI) cloud provider published its second-quarter (Q2) earnings report.
Within the three months, CoreWeave recorded $2.58 billion in revenue – $2.56 billion was expected – and a $1.03 loss per share when analysts were calling for $1.20.
Furthermore, the company announced it is expecting sales to climb to between $3.45 billion and $3.6 billion in Q3 – above the previously expected $3.43 billion – but also that its capital expenditures (CapEx) will rise to the range of $11.5 billion to $13.5 billion.
CoreWeave also cited rising AI infrastructure demand in its report, though some analysts recently estimated that as much as 70% of the total across the sector is linked only to Anthropic and OpenAI. Indeed, the neocloud also revealed its involvement in Meta Platforms’ (NASDAQ: META) own business with Anthropic.
Stock market reacts to CoreWeave Q2 2026 earnings report
Finally, investors arguably proved even more pleased with the company’s earnings than Wall Street analysts. Specifically, CoreWeave stock soared roughly 17% since the filing and is, at its press-time price of $107.02, up 24.43% in the weekly chart.
Furthermore, CRWV shares generally performed well in 2026 and are up a total of 34.92% year-to-date (YTD).
Featured image via Shutterstock
