Citizens JMP Upgrades CoreWeave (CRWV) to Outperform, Sets $180 Price Target

Core View - CoreWeave, Inc. (NASDAQ:CRWV) has been upgraded to "Outperform" from "Market Perform" by Citizens JMP, indicating a belief that the market does not fully understand the company's revenue generation model [1][3] Company Overview - CoreWeave is a cloud platform provider that supplies equipment for AI and other computing applications [3] Market Trends - Analyst Greg Miller highlights a trend of accelerating hyperscale outsourcing in the GPU-as-a-Service (GPUaaS) market, citing Oracle's record RPO of $450 million and Microsoft's $17 billion contract with Nebius as evidence [2] Valuation Insights - The price target for CoreWeave has been set at $180, which reflects multiples of approximately 6.0x on estimated 2027 revenue and 22.0x on operating profit, positioning it below Oracle's valuation [3]