CoreWeave shares climb, following BNP Paribas outperform rating and $192 target

BNP Paribas initiated coverage of CoreWeave (CRWV) with an Outperform rating. The bank set a $192 price target for the company. Shares rose following the announcement.

Analyst Stefan Slowinski labeled CoreWeave a strategically vital part of the AI infrastructure ecosystem. The firm identified the company as a key partner for major AI developers.

CoreWeave provides specialized software and cloud infrastructure optimized for AI workloads. BNP Paribas expects scale and revenue visibility to drive long-term growth. The bank projects the company will move higher in the AI value chain.