Mizuho has initiated coverage on CoreWeave (CRWV, Financial), giving the company an Outperform rating and setting a price target of $46. This decision comes as CoreWeave has become a key player in the infrastructure sector supporting the artificial intelligence revolution. According to Mizuho's analysis, CoreWeave's early shift in focus toward artificial intelligence has given it a strategic advantage in the market.
The firm highlights CoreWeave’s innovative approach to constructing infrastructure designed to handle large-scale, compute-intensive tasks as a significant strength. This positioning allows CoreWeave’s cloud platform to capture substantial market share in the rapidly expanding AI cloud provider market. Mizuho describes this market as growing at an extraordinarily fast pace, suggesting significant growth opportunities for CoreWeave.
