CRWV
CoreWeave, Inc. Class A Common Stock
NASDAQ: CRWV · TECHNOLOGY · SOFTWARE - INFRASTRUCTURE
$100.55
+5.02% today
Updated 2026-06-12
Market cap
$65.07B
P/E ratio
—
P/S ratio
10.45x
EPS (TTM)
$-2.72
Dividend yield
—
52W range
$64 – $187
Volume
30.8M
CoreWeave, Inc. Class A Common Stock (CRWV) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed CRWV price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$100.55
Today
Analyst consensus
$129.63
+28.92% · 12M
2030 Base
$1,245.62
+1138.81% future
NPV today
$769.92
@ 11% WACC
35 analysts:
19 Buy12 Hold3 Sell
Management guidance
CEO Michael Intrator stated 'very confident in our revenue for 2026' (May 2026). Company has $99.4B in contracted backlog including $21B from Meta commitment. Management projects capacity-constrained growth through 2027-2028 with power infrastructure as limiting factor, not demand.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
CRWV · CoreWeave, Inc. Class A Common Stock · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$911.82
NPV today: $563.60
Base case (2030)
$1,245.62
NPV today: $769.92
Bull case (2030)
$2,247.01
NPV today: $1,388.88
WallStSmart.com
CRWV financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $5.1B | $12.9B | $25.2B | $38.9B | $57.4B | $75.6B |
| Revenue growth | 167.9% | 151.5% | 95.2% | 54.5% | 47.5% | 31.6% |
| Net margin | — | -12.0% | -2.0% | 2.7% | 5.4% | 6.8% |
| EPS | $-2.49 | $-3.45 | $-1.11 | $2.34 | $6.80 | $11.40 |
| Diluted shares | — | 449M | 450M | 451M | 452M | 453M |
| Net debt | — | $17.63B | $30.22B | $49.67B | $78.37B | $116.17B |
| P/S multiple | — | 12.0x | 11.0x | 11.0x | 10.0x | 9.0x |
| Implied price (base) | — | $305.56 | $548.04 | $838.58 | $1,096.36 | $1,245.62 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $75.6B | $75.6B | $75.6B |
| P/S multiple | 7.0x | 9.0x | 15.0x |
| Diluted shares | 453M | 453M | 453M |
| Net debt | $116.17B | $116.17B | $116.17B |
| Implied P/E † | 80x | 109x | 197x |
| 2030 Price | $911.82 | $1,245.62 | $2,247.01 |
| NPV @ 11% | $563.60 | $769.92 | $1,388.88 |
† Implied P/E: Multiples remain elevated across all three scenarios because CRWV is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $1,245.62 base case
CRWV catalysts and risks
Growth catalysts
+ Meta $21B committed spend over multi-year contract with execution through 2027-2028
+ Nvidia $2B strategic investment + 47.2M shares (doubled position) signals confidence in CRWV infrastructure leadership
+ $99.4B total contracted backlog provides near-certain revenue visibility through 2027-2028
+ $3.1B GPU-collateralized loan facility enables capital-light expansion model
+ CoreWeave Sandboxes launch for AI model training/evaluation attracts developer ecosystem
+ Hyperscaler capex acceleration: Meta $60B, Microsoft $80B+ announced AI infrastructure spend 2026-2027
+ Power infrastructure partnerships (NextEra, Dominion, etc.) removing capacity constraints by late 2026
Key risks
- Negative FCF of -$7.25B (TTM) despite $6.23B revenue; capital intensity requires sustained access to financing
- High debt load ($35.15B total) with $8.06B short-term maturities; rising interest expense (-$1.59B operating loss TTM)
- Customer concentration: Meta is ~21% of $99.4B backlog; loss of single hyperscaler creates execution risk
- Competitive entry: Google/Blackstone $5B neocloud JV announced May 2026; NVIDIA ramping own inference services
- Power grid constraints: AI infrastructure buildout bottlenecked by regional power capacity; permitting delays possible
- Insider selling: CEO/CSO/CFO sold $370M+ in stock May 2026; signals potential stock overvaluation concerns
- Valuation cliff risk: stock trades 9.24x P/S and 14.4x EV/Sales with negative margins; multiple compression if growth decelerates
Methodology · CoreWeave, Inc. Class A Common Stock 2030 stock forecast model
CoreWeave, Inc. Class A Common Stock 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 35 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (1% cumulative for CRWV by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($116.17B by 2030) |
| 3. Time value | NPV calculated using 11% WACC (sector fallback) |
| 4. Multiple framework | P/S compresses with scale: bear 7.0x / base 9.0x / bull 15.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 23, 2026.
CRWV price target FAQ
What is the CRWV price target for 2030?
WallStSmart's CoreWeave, Inc. Class A Common Stock 2030 base case is $1,245.62 per share, with a bull case of $2,247.01 and bear case of $911.82. The NPV of the base case discounted to today at 11% WACC is $769.92.
How is the CoreWeave, Inc. Class A Common Stock 2030 stock forecast calculated?
The CRWV 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the CRWV price target account for dilution?
CoreWeave, Inc. Class A Common Stock is projected to grow diluted share count from 448M to 453M by 2030 (a 1% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 1%.
What is the analyst consensus on CRWV stock?
35 analysts cover CRWV with an average 12-month price target of $129.63. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.