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CoreWeave Advances AI Cloud With Perplexity Deal as Evercore Cuts Target

Analyst target cuts highlight cost scrutiny.

Overview

  • Evercore ISI lowered CoreWeave’s price target to $120 from $150 on Mar. 9 and maintained an Outperform after a deep dive into project-level margins.
  • As of Mar. 13, Wall Street’s consensus stood at Moderate Buy across 32 ratings with an average 12‑month target of $122.35.
  • On Mar. 10, CoreWeave launched Flexible Capacity Plans, adding Flex Reservations and Spot options to offer more dynamic access to GPU compute for AI workloads.
  • CoreWeave announced a Mar. 4 partnership with Perplexity to run inference on CoreWeave Cloud and pilot new services across both organizations.
  • For 2025, revenue rose 168% to $5.1 billion while net loss totaled $1.16 billion, and operations scaled to 850 MW across 43 data centers with 3.1 GW contracted by 2027; Yahoo Finance reported that Nvidia invested $2 billion to integrate CoreWeave’s software stack into its cloud architecture.