CoreWeave, Inc. (CRWV) Slides as Morgan Stanley Flags Execution Risks and Data Center Delays Ahead of Earnings

Core Viewpoint - CoreWeave, Inc. (NASDAQ:CRWV) is facing challenges ahead of its earnings report on February 26, as Morgan Stanley has reiterated its Equal Weight rating with a price target of $99, expressing caution regarding the stock [1][4]. Group 1: Company Performance and Risks - Analyst Keith Weiss has raised concerns about CoreWeave's ability to meet ambitious growth targets due to operational delays and recent legal complaints regarding service shortfalls, which have increased investor skepticism [2][4]. - Future rating improvements for CoreWeave will depend on scaling power capacity significantly, addressing data center delays, converting projects under construction into spending, and expanding the backlog and customer base [4][5]. Group 2: Contracts and Capacity Goals - CoreWeave has secured and expanded large contracts from demanding GenAI users, but to alleviate investor concerns, the company needs to exit the year with over 850 MW of active power, resolve prior data center delays, and outline a credible path to secure an additional 5 GW of capacity [5].