CoreWeave Surges Past Analyst Targets as Citi Doubles Theirs

Brian Venturo, CoreWeave’s chief strategy officer, says the biggest misconception about the AI cloud industry is that it’s commoditized. CoreWeave’s software and deployment differentiate it from competitors, Venturo tells Ed Ludlow on “Bloomberg Technology.”Source: Bloomberg

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By Carmen Reinicke

May 21, 2025 at 6:47 PM UTC

Updated on

May 21, 2025 at 8:14 PM UTC

CoreWeave Inc.’s rally is running so hot it’s leaving analysts’ stock predictions in the dust. Citi Research more than doubled their 12-month price target on the stock to a Wall Street high Wednesday morning. When the market opened shares blew past it in the first 15 minutes of trading.

Marquee partnerships, optimistic revenue outlook and a renewed enthusiasm for all things artificial intelligence have driven CoreWeave to all-time highs, bucking some critical reviews from Wall Street. Gains stretched into the fourth-consecutive session, to close at a record. The stock has more than doubled from a late March initial public offering at $40 a share.