Upside case
Bull case
—
The bull case requires both strong earnings delivery and the market pricing CRWV more generously than it does today.
Analysis OverviewBuyUpdated May 1, 2026
CoreWeave, Inc. Class A Common Stock (CRWV) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
27
analysts
16 bullish · 1 bearish · 27 covering CRWV
Strong Buy
0
Buy
16
Hold
10
Sell
1
Strong Sell
0
Consensus Target
$118
-14.3% vs today
Scenario Range
— – —
Model bear to bull value window
Coverage
27
Published analyst ratings
Valuation Context
—
Forward P/E · Market cap $56.5B
CRWV price targets
Three scenarios for where CRWV stock could go
Current
~$138
Confidence
39 / 100
Updated
May 1, 2026
Market caseClosest to today
Base case
—
The base case reflects analyst consensus expectations — steady delivery without requiring a major catalyst or re-rating.
Stress case
Bear case
—
The bear case reflects a scenario where earnings shortfalls or multiple compression combine to materially reduce the stock from its current level.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
CoreWeave, Inc. Class A Common Stock
CRWV · NASDAQTechnologySoftware - InfrastructureDecember year-end
CoreWeave operates a specialized cloud computing platform focused on GPU-accelerated workloads for artificial intelligence and high-performance computing. It generates revenue primarily through its cloud infrastructure services — including GPU compute, storage, and managed services — with GPU compute being its largest segment. The company's competitive advantage lies in its specialized infrastructure optimized for AI workloads and its early access to scarce high-end NVIDIA GPUs.
Market Cap
$56.5B
Revenue TTM
$5.1B
Net Income TTM
-$1.2B
Net Margin
-22.7%
CRWV Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
33%Exceptional
4 quarters tracked
Revenue Beat Rate
100%Exceptional
vs consensus estimates
Avg EPS Surprise
-4.9%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Last 4 Quarters
EPS beats: 1 of 4Q2 2025
EPS
$-0.78/—
Revenue
$982M/—
Q3 2025
EPS
$-0.27/$-0.23
Revenue
$1.2B/$1.1B
Q4 2025
EPS
$-0.08/$-0.40
Revenue
$1.4B/$1.3B
Q1 2026
EPS
$-0.89/$-0.50
Revenue
$1.6B/$1.5B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q2 2025 | $-0.78/— | — | $982M/— | — |
| Q3 2025 | $-0.27/$-0.23 | -16.4% | $1.2B/$1.1B | +12.1% |
| Q4 2025 | $-0.08/$-0.40 | +79.7% | $1.4B/$1.3B | +6.1% |
| Q1 2026 | $-0.89/$-0.50 | -78.1% | $1.6B/$1.5B | +1.5% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$9.1B
+76.5% YoY
FY2
$13.5B
+48.7% YoY
EPS Outlook
FY1
$-0.55
+79.4% YoY
FY2
$3.54
+742.8% YoY
Trailing FCF (TTM)-$7.3B
FCF Margin: -141.3%
Next Earnings
May 7, 2026
Expected EPS
$-0.90
Expected Revenue
$2.0B
CRWV beat EPS estimates in 1 of 4 tracked quarters. Mixed delivery makes the upcoming report a key data point for re-rating.
CRWV Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Overvalued
Fair value est. $93 — implies -22.0% from today's price.
Premium to Fair Value
22.0%
above fair value
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
CRWV
-49.1x
vs
S&P 500
25.2x
295% discount
vs Technology Trailing P/E
CRWV
-49.1x
vs
Technology
27.5x
279% discount
vs CRWV 5Y Avg P/E
Today
-49.1x
vs
5Y Average
—
Benchmark unavailable
Forward PE
—
S&P 500
19.1x
—
Technology
21.7x
—
5Y Avg
—
—
Trailing PE
-49.1x
S&P 500
25.2x
-295%
Technology
27.5x
-279%
5Y Avg
—
—
PEG Ratio
—
S&P 500
1.75x
—
Technology
1.47x
—
5Y Avg
—
—
EV/EBITDA
—
S&P 500
15.3x
—
Technology
17.4x
—
5Y Avg
—
—
Price/FCF
—
S&P 500
21.3x
—
Technology
19.8x
—
5Y Avg
—
—
Price/Sales
11.0x
S&P 500
3.1x
+251%
Technology
2.4x
+356%
5Y Avg
6.1x
+81%
Dividend Yield
—
S&P 500
1.88%
—
Technology
1.18%
—
5Y Avg
—
—
| Metric | CRWV | S&P 500 | Technology | 5Y Avg CRWV |
|---|---|---|---|---|
| Forward PE | — | 19.1x | 21.7x | — |
| Trailing PE | -49.1x | 25.2x-295% | 27.5x-279% | — |
| PEG Ratio | — | 1.75x | 1.47x | — |
| EV/EBITDA | — | 15.3x | 17.4x | — |
| Price/FCF | — | 21.3x | 19.8x | — |
| Price/Sales | 11.0x | 3.1x+251% | 2.4x+356% | 6.1x+81% |
| Dividend Yield | — | 1.88% | 1.18% | — |
CRWV trades above S&P 500 benchmarks on 1 of 2 measured multiples — is elevated on some multiples, but competitive on others — a mixed valuation picture.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolCRWV Financial Health
Verdict
Stressed
Key financial metrics for CRWV are shown below.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$5.1B
Revenue Growth
TTM vs prior year
+213.6%
Gross Margin
Gross profit as a share of revenue
71.7%
Operating Margin
Operating income divided by revenue
-0.9%
Net Margin
Net income divided by revenue
-22.7%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$-2.68
Free Cash Flow (TTM)
Cash generation after capex
-$7.3B
FCF Margin
FCF as share of revenue — the primary cash quality signal
-141.3%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
-0.3%
ROA
Return on assets, trailing twelve months
-2.4%
Cash & Equivalents
Liquid assets on the balance sheet
$3.9B
Net Debt
Total debt minus cash
$11.2B
Debt Serviceability
Net debt as a multiple of annual free cash flow
—
ROE
Return on equity, trailing twelve months
-35.0%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
0.0%
Dividend
—
Buyback
0.0%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$0
Dividend / Share
Annualized trailing dividend per share
—
Payout Ratio
Share of earnings distributed as dividends
—
Shares Outstanding
Current diluted share count
436M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageCRWV Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 11, 2026
High Risk
High Leverage & Debt Load
CoreWeave carries $21.6 B in debt against $3.3 B in book equity, giving a debt‑to‑equity ratio of 8.94×. The Altman Z‑Score of 0.42 places the company in the distress zone, raising the possibility of bankruptcy within two years if revenue slows or cost overruns occur. Interest expenses consume a large portion of earnings, with a quarter of every dollar in sales going toward interest payments.
High Risk
Capital‑Intensive Build‑out
The company plans $32.5 B of capital expenditures in 2026, a figure that dwarfs its market capitalization. CoreWeave is in a “build now, profit later” phase, generating negative operating cash flow and high cash burn. If demand growth stalls or financing costs rise, the heavy spending could strain liquidity.
Medium
Customer Concentration Risk
In 2024, two major clients accounted for 77% of CoreWeave’s revenue. Any shift toward in‑house infrastructure, provider diversification, or price renegotiation by these customers could materially reduce sales and growth.
Medium
Declining Margins
Gross margin fell to 67.6% from 73% in the prior quarter, while operating margin dropped to 6% from 16%. The high debt burden means interest payments erode earnings, and investors may question whether margins can scale to durable double‑digit levels.
Lower
Supply Chain Disruptions
Delays or shortages in GPU, networking, or facility components could halt data‑center builds, leading to lost contracts or increased costs. Prolonged disruptions would directly impact revenue and profitability.
Lower
Execution Risk
Scaling a highly leveraged build‑out requires flawless execution. Any missteps in project delivery, cost control, or timeline adherence could derail expansion plans and hurt financial performance.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why CRWV Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 11, 2026
Triple‑Digit AI Revenue Growth
CoreWeave has posted triple‑digit revenue growth in recent quarters, reaching $5 billion in annual revenue faster than any other cloud service provider. This surge is driven by high demand for GPU‑based AI workloads.
Backlog of $66.8 B and Meta Deal
The company’s revenue backlog exceeds $66.8 billion, including a $21 billion commitment from Meta through 2032. These long‑term contracts with leading AI players provide a clear pipeline of future revenue.
900 MW Power Expansion by 2025
CoreWeave plans to bring over 900 MW of active power online by the end of 2025, scaling its data‑center footprint to monetize workloads efficiently as capacity comes online.
First‑Mover NVIDIA Partnerships
CoreWeave maintains a close relationship with NVIDIA, often being among the first to offer the latest NVIDIA systems to customers. This gives it a competitive edge in AI infrastructure.
Financial Flexibility and Capital Access
Despite significant capital expenditures, CoreWeave has demonstrated strong access to capital markets, including upsized convertible note offerings and expanded credit facilities, signaling lender confidence.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
CRWV Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$137.98
52W Range Position
64%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$49.06
+181.2% from the low
52-Week High
$187.00
-26.2% from the high
1 Month
+70.47%
3 Month
+53.40%
YTD
+74.0%
1 Year
+154.1%
3Y CAGR
+51.1%
5Y CAGR
+28.1%
10Y CAGR
+13.2%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
CRWV vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
—
vs 27.3x median
Peer median unavailable
Revenue Growth
+76.5%
vs +10.0% median
+666% above peer median
Net Margin
-22.7%
vs 37.9% median
-160% below peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
CRW CRWV CoreWeave, Inc. Class A Common Stock | $56.5B | — | +76.5% | -22.7% | Buy | -14.3% |
GPU GPUS Hyperscale Data, Inc. | $140775 | — | -29.8% | -38.8% | — | — |
NVD NVDA NVIDIA Corporation | $5.05T | 25.1x | +50.9% | 55.6% | Buy | +34.3% |
AMZ AMZN Amazon.com, Inc. | $2.96T | 35.3x | +10.0% | 12.2% | Buy | +11.6% |
MSF MSFT Microsoft Corporation | $3.07T | 24.9x | +7.0% | 39.3% | Buy | +33.3% |
GOO GOOGL Alphabet Inc. | $4.81T | 29.6x | +14.1% | 37.9% | Buy | +2.1% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
FAQ
7 questionsCRWV Investor Questions
Common questions answered from live analyst data and company financials.
01Is CoreWeave, Inc. Class A Common Stock (CRWV) stock a buy or sell in 2026?
CoreWeave, Inc. Class A Common Stock (CRWV) is rated Buy by Wall Street analysts as of 2026. Of 27 analysts covering the stock, 16 rate it Buy or Strong Buy, 10 rate it Hold, and 1 rate it Sell or Strong Sell. The consensus 12-month price target is $118, implying -14.3% from the current price of $138.
02What is the CRWV stock price target for 2026?
The Wall Street consensus price target for CRWV is $118 based on 27 analyst estimates. The high-end target is $156 (+13.1% from today), and the low-end target is $67 (-51.4%).
03Is CoreWeave, Inc. Class A Common Stock (CRWV) stock overvalued in 2026?
Forward earnings data for CRWV is not currently available. Review the valuation table above for trailing P/E, EV/EBITDA, and price-to-sales comparisons against market and sector benchmarks.
04What are the main risks for CoreWeave, Inc. Class A Common Stock (CRWV) stock in 2026?
The primary risks for CRWV in 2026 are: (1) High Leverage & Debt Load — CoreWeave carries $21. (2) Capital‑Intensive Build‑out — The company plans $32. (3) Customer Concentration Risk — In 2024, two major clients accounted for 77% of CoreWeave’s revenue. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is CoreWeave, Inc. Class A Common Stock's revenue and earnings forecast?
Analyst consensus estimates CRWV will report consensus revenue of $9.1B (+76.5% year-over-year) and EPS of $-0.55 (+79.4% year-over-year) for the upcoming fiscal year. The following year, analysts project $13.5B in revenue.
06When does CoreWeave, Inc. Class A Common Stock (CRWV) report its next earnings?
CoreWeave, Inc. Class A Common Stock is expected to report its next earnings on approximately 2026-05-07. Consensus expects EPS of $-0.90 and revenue of $2.0B. Over recent quarters, CRWV has beaten EPS estimates 33% of the time.
07How much free cash flow does CoreWeave, Inc. Class A Common Stock generate?
CoreWeave, Inc. Class A Common Stock (CRWV) had a free cash outflow of $7.3B in free cash flow over the trailing twelve months — a free cash flow margin of 141.3%. CRWV returns capital to shareholders through and share repurchases ($0 TTM).