CoreWeave Stock Has Further Upside Says Wall Street

CoreWeave stock recently shot up after the company posted its earnings for the second quarter of 2026. In the space of a few sessions, it jumped from below $90 to near $115¹.  

Can the Nasdaq 100 stock keep rising? Let’s take a look at Wall Street’s price targets for CRWV to see where analysts believe it’s heading.   

CoreWeave’s Q2 Earnings Showed Strong Growth 

CoreWeave’s Q2 report² showed that the AI infrastructure company is seeing high demand for its services right now. For the quarter, revenue came in at $2,575 million, more than double the figure of $1,212 million a year earlier.  

Encouragingly, adjusted EBITDA was up significantly too. It came in at $1,510 million versus $753 million a year earlier, signaling that underlying cash generation and operational scale are accelerating.  

On the downside, CoreWeave’s operating expenses rose 120% year-over-year to $2,624 million. This led to a year-over-year drop in adjusted operating income – it was $128 million versus $200 million a year earlier.  

However, adjusted operating income was far higher than in Q1 when it was just $21 million. So, the company saw a significant jump in profitability on a sequential basis.  

Q2 Operational Highlights 

In its Q2 report, the company noted that it had customer wins across hyperscalers, AI labs, and enterprises during the quarter. Companies it expanded its relationships with includedDatabricks, Cognition, Hudson River Trading, and Runway ML.  

It also strengthened its financial position during the period. Not only did it raise more than $10 billion of unsecured debt and convertible bonds but it received a $1 billion strategic investment from Jane Street and a $3.1 billion term loan backed by HPC infrastructure.  

In terms of compute, CoreWeave expanded its active power by nearly 500 MWs to reach 1.5 GW. However, its total contracted power increased to 3.7 GW.  

One other thing worth highlighting is the fact that the company successfully completed the industry's first bring-up and validation of Nvidia Vera Rubin NVL72. This means that it got Nvidia’s latest, AI computer rack turned on, fully functional, and rigorously tested. 

Strong Guidance  

Turning to guidance, the company expects to generate revenue of between $3.4 billion and $3.6 billion for Q3³. That compares to $1.4 billion in Q3 2025⁴.  

For the full year, it forecasts revenue of $12.4 billion to $13.2 billion and adjusted operating income of $960 million to $1.15 billion³. Its revenue backlog was approximately $104 billion as of June 30, 2026. 

Wall Street is Bullish on CoreWeave

After the earnings, analysts at Citi said that this was “one of the cleaner quarters” for CoreWeave since it went public last year, pointing to upward revisions to profitability guidance and positive updates on execution and customer diversification. “We think shares should move meaningfully higher on increased investor confidence in the execution and improving profitability,” the analysts wrote³.  

Looking at Wall Street’s forecasts, the average 12-month price target for CoreWeave stock right now is $143, according to investing.com⁵. That’s roughly 35% above the current stock price.  

Given this upside potential, CoreWeave stock could be worth keeping a close eye on.

Footnotes:

¹Google Finance, as of August 13, 2026 

²CoreWeave, CoreWeave Reports Strong Second Quarter 2026 Results, as of August 11, 2026 

³CNBC, CoreWeave gains 19%, Nebius surges 34% in post-earnings neocloud rally, as of August 12, 2026 

⁴CoreWeave Reports Strong Third Quarter 2025 Results, as of November 10, 2025 

⁵Investing.com, as of August 13, 2026