CoreWeave shares up 122% over past year; Cantor Fitzgerald raises price target to $156

CoreWeave, Inc. (NASDAQ:CRWV) shares are up by 122% over the past year and by 43% year-to-date. On April 16th, Cantor Fitzgerald raised the share price target to $156 from $149 and kept an Overweight rating.

CoreWeave is a computing infrastructure provider that hosts GPUs (graphics processors used to train and run AI models) to allow AI software companies to train and run their models. The firm has agreements with OpenAI, Meta, NVIDIA, and other technology giants.

According to a newsletter, CoreWeave has exhibited 36,000% growth in three years in revenue.