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In the high-stakes race to power artificial intelligence (AI), few companies have emerged as pivotal enablers quite like CoreWeave (CRWV). As hyperscalers and AI labs pour billions into compute capacity, investors are increasingly turning their attention to the infrastructure layer, and Wall Street is taking notice ahead of the company’s May 7 earnings report.
That growing optimism is now being underscored by Citigroup (C), where one analyst, Tyler Radke, is making a notably bullish call. Citi recently lifted its price target on CoreWeave shares to $155 from $126 while reiterating a “Buy” rating, citing surging demand for AI infrastructure, accelerating backlog growth, and expanding customer diversification as key drivers of upside. The firm expects backlog to grow as much as 35% to 40% quarter-over-quarter in Q1, signaling that demand for high-performance computing tied to generative AI remains far from saturated.
