Loop Capital initiated coverage of CoreWeave (NASDAQ: CRWV) with a Buy rating and a $165 price target, highlighting the company’s strong position among emerging “Neocloud” providers.
The firm said CoreWeave had established itself as a key partner to Nvidia, hyperscalers, and major AI labs, including frontier model developers. It noted that Wall Street had yet to fully appreciate the commitment of these groups to advancing innovation as Nvidia’s Blackwell platform ramps up and new sovereign markets emerge.
Loop projected 2027 revenue of $17.9 billion and EBITDA of $12.8 billion, slightly ahead of consensus, and valued CoreWeave at 10x its 2027 EV/EBITDA estimates.
The firm said those forecasts would become increasingly relevant as the company executes on growth plans heading into 2026.
