CoreWeave (CRWV) receives neutral rating from Mizuho with $150 price target.

Mizuho analyst Gregg Moskowitz reiterated a Neutral rating on CoreWeave (CRWV) with a $150.00 price target. The firm believes CoreWeave has the potential to capture a significant share of the AI cloud provider market but considers the upside and downside balanced due to a 300% gain since its IPO.

CoreWeave, Inc. (Nasdaq: CRWV), the AI Hyperscaler™, has reported its second quarter 2025 financial results, demonstrating continued momentum and robust demand for its AI cloud platform. The company's revenue for the quarter ended June 30, 2025, was $1,212,788, a significant increase from $395,371 in the same period last year [1].

Michael Intrator, Co-Founder, Chairman of the Board, and Chief Executive Officer of CoreWeave, stated, "Our strong second quarter performance underscores the continued demand for AI infrastructure. We are scaling rapidly to meet this unprecedented demand, with our purpose-built AI cloud platform setting new benchmarks for performance and scalability."

Key highlights of the second quarter include:
- Revenue backlog stood at $30.1 billion as of June 30, 2025.
- The company secured a $4 billion expansion deal with OpenAI and expanded its customer base with new hyperscaler and enterprise clients such as BT Group, Cohere, and LG CNS.
- CoreWeave ended the quarter with approximately 470 MW of active power and increased total contracted power to 2.2 GW.
- The company completed the acquisition of Weights & Biases and launched new products to extend its cloud platform capabilities.

Gregg Moskowitz, an analyst at Mizuho, reiterated a Neutral rating on CoreWeave with a $150.00 price target. Moskowitz believes that CoreWeave has the potential to capture a significant share of the AI cloud provider market but considers the upside and downside balanced due to a 300% gain since its IPO [2].

CoreWeave's adjusted EBITDA margin was 62%, indicating strong financial performance. The company also raised $2 billion in 9.25% Senior Unsecured Notes due 2030, upsized by $500 million due to strong demand.

Forward-looking statements include the expected completion of a new data center campus in Kenilworth, NJ, with an initial phase delivery in 2026. The company will provide additional guidance during its earnings conference call and webcast scheduled for July 2, 2025.

References:
[1] https://investors.coreweave.com/news/news-details/2025/CoreWeave-Reports-Strong-Second-Quarter-2025-Results/
[2] https://www.mizuho.com/