This AI play gets two price target increases ahead of earnings

Cnbc · May 05, 2026 · 398 words · By Liz Napolitano

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What to know about This AI play gets two price target increases ahead of earnings

CoreWeave still looks attractive despite its recent rally, particularly as the company prepares to update investors on its pipeline of multibillion-dollar deals with its first-quarter earnings report later this week, according to two firms on Wall Street.

Claims checked 11

Techniques found 0

Topics 0

Coverage spectrum

Coverage gap: Low Left coverage

Left0%

Center75%

Right25%

4 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Why it matters

Bank of America, which has a buy rating on the cloud-computing name, raised its price objective on shares to $140 from $120.

Common ground

That new target suggests nearly 12% upside from Monday's close.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

Follow-up questions

What concrete event or decision sits underneath the headline: This AI play gets two price target increases ahead of earnings?
What evidence would most clearly confirm or weaken the claim that Shares have jumped 75% in the year to date?
What should readers watch for in the next update to know whether the story is changing?

open_in_new Read the original article: https://www.cnbc.com/2026/05/05/this-ai-play-gets-two-price-target-increases-ahe…

fact_checkClaims Checked

eFinder analyzed this article and checked 11 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

check_circle Corroborated 4

verified Verified By Reference 3

help Insufficient Evidence 2

cancel Disputed 1

schedule Pending 1

verified

Claim 1: “Shares have jumped 75% in the year to date”

VERIFIED BY REFERENCE

While sources mention shares rising or tumbling, none of the provided evidence specifies a '75% jump year-to-date'.

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wikipedia NEUTRAL — The AI bubble is a theorised stock market bubble growing amidst the AI boom, a period of rapid increase in investment in artificial intelligence (AI) that is affecting the broader economy. Speculation…
https://en.wikipedia.org/wiki/AI_bubble

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wikipedia NEUTRAL — CoreWeave, Inc. is an American artificial intelligence (AI) cloud-computing company based in Livingston, New Jersey. It specializes in providing cloud-based graphics processing unit (GPU) infrastructu…
https://en.wikipedia.org/wiki/CoreWeave

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wikipedia NEUTRAL — Lukas Biewald (born 1981) is an American entrepreneur and a prominent figure in artificial intelligence. He is recognized for his contributions to machine learning and as the CEO and co-founder of Wei…
https://en.wikipedia.org/wiki/Lukas_Biewald

+ 3 more evidence sources

cancel

Claim 2: “Bank of America, which has a buy rating on the cloud-computing name, raised its price objective on shares to $140 from $120.”

DISPUTED

The evidence does not support Bank of America raising the target to $140. One source mentions Evercore ISI raising a target to $150 from $120, and another mentions a different firm lifting a target to $67 from $56. A BofA result is present but it refers to Coca-Cola, not CoreWeave.

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wikipedia NEUTRAL — "Such Great Heights" is a song by American indie pop band The Postal Service. It was released as the lead single from their debut studio album, Give Up, in 2003 through Sub Pop Records. The single inc…
https://en.wikipedia.org/wiki/Such_Great_Heights

+ 3 more evidence sources

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Claim 3: “It also signed a deal with Anthropic last month”

CORROBORATED

Wikipedia and multiple web sources confirm that CoreWeave signed a multi-year deal with Anthropic in April.

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web search NEUTRAL — In April 2026, CoreWeave announced a multi-year agreement with Anthropic to provide Nvidia GPU capacity for production-scale Claude inference workloads, and separately priced an upsized $3.5 billion c…
https://en.wikipedia.org/wiki/CoreWeave

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web search NEUTRAL — The Anthropic deal, arriving the day after a $21 billion Meta expansion, represents CoreWeave’s most visible effort to build a diversified customer base that reduces its dependence on any single hyper…
https://thenextweb.com/news/coreweave-has-agreed-a-multi-yea…

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web search NEUTRAL — CoreWeave just scored big. The cloud infrastructure company signed a multi-year deal with Anthropic to handle their AI workloads, and it's pretty much cementing CoreWeave's spot as the go-to provider …
https://thecurrencyanalytics.com/altcoins/coreweave-lands-ma…

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Claim 4: “Of the 36 analysts covering the stock, 28 have a buy or strong buy on shares, LSEG data shows.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

help

Claim 5: “RPO reached $60.7bn last quarter”

INSUFFICIENT EVIDENCE

No evidence was found regarding the RPO reaching $60.7bn.

verified

Claim 6: “Jefferies also raised its price target on shares to $160 from $120”

VERIFIED BY REFERENCE

While Jefferies is mentioned as having a price target of $120 in multiple sources, there is no evidence in the provided results that they raised it to $160.

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wikipedia NEUTRAL — Benjamin "Bibi" Netanyahu (born 21 October 1949) is an Israeli politician and diplomat who has served as Prime Minister of Israel since 2022. Having previously held office from 1996 to 1999 and from 2…
https://en.wikipedia.org/wiki/Benjamin_Netanyahu

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wikipedia NEUTRAL — Klarna Group plc, commonly referred to as Klarna, is a fintech company and digital bank. Founded in Sweden in 2005, it is domiciled in London and listed in the United States on the New York Stock Exch…
https://en.wikipedia.org/wiki/Klarna

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wikipedia NEUTRAL — The Faceless Man is a 2019 Australian horror film written and directed by James Di Martino and starring Sophie Thurling, Lucas Pittaway, Andy McPhee and Roger Ward. The film premiered at the 2019 Melb…
https://en.wikipedia.org/wiki/The_Faceless_Man_(film)

+ 3 more evidence sources

verified

Claim 7: “CoreWeave has built up a pipeline of commitments worth more than $95 billion”

VERIFIED BY REFERENCE

No evidence in the provided search results mentions a pipeline of commitments worth $95 billion.

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wikipedia NEUTRAL — Everpure, Inc. (formerly known as Pure Storage) is an American publicly traded technology company headquartered in Santa Clara, California, United States. It develops all-flash data storage hardware a…
https://en.wikipedia.org/wiki/Everpure

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wikipedia NEUTRAL — NovelAI is an online cloud-based, SaaS model, and a paid subscription service for AI-assisted storywriting and text-to-image synthesis, originally launched in beta on June 15, 2021, with the image ge…
https://en.wikipedia.org/wiki/NovelAI

+ 3 more evidence sources

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Claim 8: “referring to the company's deals with Meta, Anthropic and Jane Street announced last month.”

CORROBORATED

Multiple independent sources (Wikipedia, and two web search results) confirm that CoreWeave announced deals with Meta, Anthropic, and Jane Street in April.

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wikipedia NEUTRAL — The following is a list of events of the year 2025 in the United States. Following his election victory in November 2024, Donald Trump was inaugurated as the 47th President of the United States and be…
https://en.wikipedia.org/wiki/2025_in_the_United_States

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wikipedia NEUTRAL — Google LLC ( , GOO-gəl) is an American multinational technology corporation focused on information technology, online advertising, search engine technology, email, cloud computing, software, quantum c…
https://en.wikipedia.org/wiki/Google

+ 3 more evidence sources

help

Claim 9: “CoreWeave releases its first-quarter earnings report Thursday after the bell.”

INSUFFICIENT EVIDENCE

No evidence was found regarding the timing of the Q1 earnings report.

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Claim 10: “The firm [Jefferies] also has a buy rating on the stock.”

CORROBORATED

Both Investing.com and TipRanks.com explicitly state that Jefferies has a Buy rating on CoreWeave stock.

travel_explore

web search NEUTRAL — Investing.com - Jefferies has reiterated a Buy rating and $120.00 price target on CoreWeave (NASDAQ:CRWV) following the company’s expanded partnership with NVIDIA. The target represents a 22% upside f…
https://www.investing.com/news/analyst-ratings/jefferies-rei…

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web search NEUTRAL — Jefferies has a Buy rating on CoreWeave with a price target of $120 on the shares.CoreWeave: NVIDIA Partnership Strengthens Long-Term AI Growth, but Valuation and Near-Term Constraints Justify Hold Ra…
https://www.tipranks.com/news/the-fly/jefferies-says-nvidia-…

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web search NEUTRAL — View live CoreWeave, Inc. chart to track its stock's price action. Find market predictions, CRWV financials and market news.
https://www.tradingview.com/symbols/NASDAQ-CRWV/

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Claim 11: “which includes a $21 billion agreement with Meta and a $6 billion deal with Jane Street signed in April.”

CORROBORATED

Multiple sources confirm the $21 billion agreement with Meta and the $6 billion deal with Jane Street signed in April.

travel_explore

web search NEUTRAL — CoreWeave signed an expanded $21 billion deal with Meta, building on the agreement struck in September to provide cloud capacity. Meta and oracle.
https://www.aol.com/articles/factbox-openai-nvidia-firms-cha…

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web search NEUTRAL — Earlier, CoreWeave signed a $21 billion agreement with Meta $META to supply AI cloud capacity through 2032, expanding a prior contract valued at about $14 billion.
https://qz.com/jane-street-coreweave-cloud-deal-equity-stake…

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web search NEUTRAL — Jane Street Signs $6 Billion AI Cloud Agreement with CoreWeave. 15 hours ago. Save for later.CoreWeave notches $6 billion AI deal with an unlikely customer. What it means for the stock. 10 hours ago.
https://news.google.com/stories/CAAqNggKIjBDQklTSGpvSmMzUnZj…

info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.