CoreWeave stock rating reiterated at Neutral by Mizuho amid 233% post-IPO rally

Investing.com - Mizuho (NYSE:MFG) has reiterated its Neutral rating and $150.00 price target on CoreWeave (NASDAQ:CRWV), the AI cloud infrastructure provider. The stock currently trades at $148.75, with a market capitalization of $71.4 billion. According to InvestingPro data, the company has shown remarkable momentum with a 34.93% gain in the past week alone.

The research firm maintains its balanced view on CoreWeave despite the company’s shares having surged 233% since its initial public offering earlier this year, significantly outperforming the NASDAQ’s 22% rise during the same period. InvestingPro analysis indicates the stock is currently overvalued, with analyst targets ranging from $32 to $185.

Mizuho believes CoreWeave is well-positioned to gain substantial market share in the rapidly expanding AI cloud provider sector, which the firm describes as growing at a "server-melting pace."

The firm had previously downgraded CoreWeave to Neutral as it reassessed the risk/reward profile following what had been an even more dramatic post-IPO rally of approximately 300%.

The current $150 price target reflects Mizuho’s continued balanced outlook on CoreWeave’s stock as the company navigates the competitive AI infrastructure landscape.

In other recent news, CoreWeave Inc. reported its financial results for the second quarter of 2025, showing a significant revenue increase to $1.2 billion, marking a 207% rise compared to the previous year. Despite this impressive revenue growth, the company’s earnings per share (EPS) missed expectations, coming in at -$0.6 against the forecasted -$0.2. JMP Securities responded to these results by reiterating its Market Perform rating on CoreWeave. The firm highlighted that CoreWeave’s strategy involves shifting balance sheet liabilities to other firms, aiming for high initial margins over 3-4 year terms. This approach, according to JMP, contributed to the company’s stronger-than-consensus results and a positive revised outlook. While the revenue figures were promising, the earnings miss underscores ongoing challenges. Analysts and investors will likely keep a close eye on how CoreWeave navigates these challenges in the coming quarters.

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