CoreWeave, Inc. Dossier
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SectorInformation Technology IndustryInternet Services & Infrastructure Beta (adjusted)1.00 Intrinsic Value Insufficient data for a value estimateNot enough reliable inputs to publish a fair value for this company yet. Market Price $88.57Price as of 1 Oct 2026 Data confidence Sign in to view data confidence Market Cap $48.8B Enterprise Value $68.2B Shares Outstanding 606M diluted Moat Rating None Next Earnings Date11 Nov 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary CoreWeave has exceptional contracted demand, with approximately $104 billion of revenue backlog at June 30, 2026 and more than $25 billion of additional net customer commitments disclosed for early Q3. Infrastructure scale and operating cash generation are improving, but the investment case remains balanced by substantial capital requirements, a Q2 net loss of $626 million, and $640 million of quarterly net interest expense. A Hold recommendation reflects strong demand visibility offset by material execution and financing sensitivity. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$39.00 Mean target$143.26 High · most bullish analyst$303.00 Our research · scenarios, merits, risks, and invalidation triggersResearch as of 18 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $39.0025% Capacity-delivery delays, customer or supplier disruption, weaker backlog conversion, or persistently high financing costs impair operating leverage. The downside would be amplified by the capital intensity of the buildout and the gap between adjusted EBITDA and GAAP profitability. Base CaseCentral scenario $143.2654% Matches the consensus meanDemand and capacity continue expanding, but heavy infrastructure investment and financing costs constrain the pace at which operating improvements translate into durable shareholder returns. Bull CaseUpside scenario $303.0021% Backlog converts on schedule, early-Q3 commitments reinforce booking durability, active power deployment continues to scale, and adjusted EBITDA margin remains near or above the Q2 2026 level. Successful deployment of contracted capacity would strengthen operating leverage and validate the purpose-built AI-cloud model. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |