CoreWeave Trending: A New AI Customer and UBS' Contrarian $120 Call

CoreWeave Inc. (NASDAQ:CRWV) is trending Thursday after the company announced a new multi-year customer agreement. UBS initiated coverage of the stock on Wednesday with a Buy rating. CoreWeave stock is trading flat. What’s next for CRWV stock? CoreWeave to Host Harell Data’s Biotech AI Platform CoreWeave announced that Harell Data will deploy its platform on CoreWeave Cloud to run training, fine-tuning and inference workloads for proprietary biotech datasets. The Harell Data platform is designed to bring AI models to the data rather than moving datasets to models, allowing training runs to execute on NVIDIA A100 and Hopper GPUs within CoreWeave’s infrastructure without the underlying data ever leaving the platform. Compute is metered per training run, letting data owners earn a revenue share on each job executed against their dataset, while builders can list trained models on the Harell marketplace under a Models as a Service arrangement. “High-quality, domain-specific data is absolutely a primary catalyst for the next generation of AI breakthroughs,” said Harlan Robins, PhD, founder and president of Harell Data. “We created Harell Data to connect researchers to proprietary scientific datasets for model training and inference without requiring them to view or extract the underlying data.” UBS Initiates Coverage with Buy Rating Separately, UBS analyst Karl Keirstead initiated coverage on CoreWeave Wednesday with a Buy rating and a $120 price target. Keirstead built the bullish case around persistently strong demand for AI computing power, along with signs that CoreWeave’s revenue per gigawatt of capacity should continue trending upward, pointing to the stock’s 2027 revenue multiple of just 3 times as evidence that Wall Street skepticism toward the story runs deep. While the note didn’t dismiss concerns tied to CoreWeave’s debt load and credit profile, Keirstead argued those risks appear to be topping out rather than worsening, framing the call as one that runs counter to prevailing Wall Street opinion. Read Also: Stock Market Today: S&P 500, Nasdaq 100 Futures Drop as Bessent Says Iranian Aviation Restrictions Are Working — ABNB, ORCL, COST in Focus CoreWeave Shares Trade Flat CRWV Price Action: At the time of publication, CoreWeave shares are trading 1.40% higher at $88.11, according to data from Benzinga Pro. Image via Shutterstock