BofA Raises CoreWeave Revenue Forecasts Despite Stock Dip on Financing Concerns

Key Facts

Bank of America reiterated its 'buy' rating and $140 price target on CoreWeave while raising revenue growth forecasts to 105% for 2027 and 63% for 2028. Proactive Investors reported that CoreWeave shares fell 3% on Thursday as broader financing concerns impacted the AI infrastructure sector.

CoreWeave (CRWV) closed at $65.78 on October 14, 2026, while Bank of America (BAC) closed at $51.39 on the same date. The revised outlook assumes the company will add between 1.4 and 1.5 gigawatts of power capacity annually in 2027 and 2028, with revenue per megawatt expected to rise from $10 to $14 by the end of 2028 due to the deployment of next-generation Nvidia computing systems.