Bank of America Raises CoreWeave Growth Forecasts After 15.5% Drop

Bank of America raised its growth outlook for CoreWeave while keeping a $140 price target, following a 15.5% one-day decline in the AI cloud provider’s shares on Oct. 14. The bank’s Oct. 15 forecasts call for CoreWeave’s revenue to grow 105% in 2027, up from a previous estimate of 102%. For 2028, it raised its projection to 63% from 58%. Bank of America retained its Buy rating on the stock. The projections assume CoreWeave adds 1.4 gigawatts to 1.5 gigawatts of power capacity each year in 2027 and 2028.

Source: TokenPost