Is CoreWeave Stock a Buy, Sell, or Hold for January 2026?

Core View - CoreWeave (CRWV) is positioned as a buy for growth investors due to its compelling growth, ability to increase revenue from existing customers, and impressive recent deals [1] Financial Performance - In Q3, CoreWeave's revenue surged to $1.36 billion from $584 million year-over-year, while adjusted EBITDA rose to $838 million from $378.75 million [4] - The company's price-sales ratio stands at 8.9 times, indicating a high valuation relative to sales [4] Customer Base and Deals - CoreWeave serves notable customers including Meta, OpenAI, NASA, and Mizuho Bank, with nine of its top ten customers engaging in multiple deals [4][6] - The company secured significant deals with Meta and OpenAI in Q3, which are expected to contribute to future growth [5] Growth Indicators - CoreWeave's backlog increased by $25 billion in Q3, reaching over $55 billion, indicating strong future demand [7] - The CEO highlighted that demand for CoreWeave's platform significantly exceeds its available capacity, suggesting robust growth potential [7]