Crypto
CoreWeave Analysts See 65% Upsurge Despite Recent 20% Drop
CoreWeave, a company born from Ethereum GPU mining in 2017, has seen its value drop by about 20% over three months. Analysts, however, are optimistic that the stock could surge as high as 65% or more.
The NASDAQ-listed company (CRWV) has been trading between $70 and $90, with consensus price targets ranging from $127 to $136. Some projections even reach as far as $250.
CoreWeave's transformation from a crypto mining operation to an AI powerhouse is nothing short of remarkable. The company repurposed its GPU expertise in 2019, effectively positioning itself as a specialized alternative to hyperscalers like AWS, Azure, and Google Cloud.