Wedbush Analysts Still Have Their Foot on the Gas for CoreWeave Stock

Wedbush analysts remain bullish on CoreWeave stock as they see ample room for growth in the AI capacity race. The company, formerly known for its crypto roots, has become a leader in GPU-optimized cloud infrastructure, focusing on meeting the increasing demands of AI workloads. Founded in 2017, CoreWeave now boasts a market cap of $48.3 billion and supports generative AI and large-scale compute workloads.

Its recent Q2 2026 report showed an impressive 112.5% year-over-year revenue growth, despite reporting a net loss per share. However, the company's operating cash flow surged to $679 million, with $5.5 billion in cash reserves. With a backlog of $104.2 billion and new customer commitments totaling $25 billion, CoreWeave's future appears promising.

The stock has recovered from a recent dip, trading around $106 as of Aug. 17, and has delivered a 48% year-to-date gain. Despite the stock's premium valuation at 4.5 times forward sales, analysts expect significant revenue growth and operating income improvements in the coming quarters.