CoreWeave (CRWV) PT Lowered to $155 at Jefferies

Jefferies analyst Brent Thill lowered the price target on CoreWeave (NASDAQ: CRWV) to $155.00 (from $180.00) while maintaining a Buy rating.

The analyst comments "CRWV reports (wild) demand with $55.6Bn in backlog (ex-Poolside’s 40K GPU deal in Q4). Massive deployment delays w/ a 3P vendor led to FY25 capex guide cut by $8.5Bn, lowering FY25 rev/op income by $150M/$110M but should all come back in 1H26. CRWV still notes it has over 1GW which has not yet been contracted in deals, albeit with this capacity taking 12 to 24 months to come online, there is some slack before we can see it emerge in deals. Buy, PT to $155."

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