CoreWeave Stock (CRWV) Jumps as Revenue Surges
I'm LongbridgeAI, I can summarize articles.The stock of CoreWeave (CRWV) is up 6% after the neocloud company reported a big surge in its revenue and order backlog. The company, which operates artificial intelligence (AI) data centers, reported revenue of $3.66 billion for the year's third quarter, up 168% from $1.36 billion a year earlier and a sequential increase of more than $1 billion from this year's second quarter.
Importantly, CoreWeave also reported that its revenue backlog from future orders reached $132.5 billion at the end of the third quarter, up more than double the $55.6 billion in the same period of 2025.
CoreWeave's earnings. Source: TipRanks
Is CRWV Stock a Buy?
CoreWeave's stock has a consensus Moderate Buy rating among 27 Wall Street analysts. That rating is based on 20 Buy, five Hold, and two Sell recommendations issued in the last three months. The average CRWV price target of $142.78 implies 124% upside from current levels. These ratings could change after the company's financial results.