<div id="readability-page-1"><div><div>Wall Street analysts raised their price targets on CoreWeave Inc CRWV.JPMorgan analyst Mark Murphy maintained CoreWeave with an Overweight and raised the price target from $43 to $66 on Thursday.Needham analyst Mike Cikos reiterated CoreWeave with a Buy and raised the price target from $55 to $78 on Friday.Also Read: CoreWeave Garners Praise Due To AI Growth, Nvidia PartnershipJPMorgan: CoreWeave debuted its first quarter as a public company with a beat-and-raise on total revenue, a rare pattern in the current earnings cycle.On Wednesday, CoreWeave reported first-quarter revenue of $981.63 million, beating analyst estimates of $859.77 million. The company reported a first-quarter adjusted loss of $1.49 per share.Murphy noted a lot to appreciate in the fiscal first-quarter earnings results, including a new hyperscaler customer — Alphabet Inc GOOG GOOGL Google — and another large $4 billion slug of business booked at some point during the second quarter with OpenAI, both of which might have been added in the second quarter. However, the timing of the former was not entirely precise in the earnings call, and the pattern of incremental CapEx outlays was not specified. The need for incremental debt financing is triggered by large deal wins.The main curveball for this earnings report is the fact that the first OpenAI contract, worth up to $11.9 billion and announced back in March, did not yet meet the criteria for inclusion into CoreWeave’s RPO balance; this is a complicated topic that may add to the volatility of shares and could take some time to understand. As of now, the analyst noted the odds lean mildly toward near-term inclusion in RPO. In this case, the topic would fade away. If not, it will sit in a “revenue backlog” adjusted construct, which he noted would be a similar practice to that of Amazon AWS, Google Cloud and Palantir (among others) and stems from ASC 842 (Lease) treatment rather than ASC 606 (Services) treatment. Overall, Murphy expects the stock to provide a wild, lumpy, volatile ride, requiring a risk tolerance that may not exist for many investors.Murphy highlighted CoreWeave’s deal with a new hyperscaler company, which Murphy assumed was Google, the addition of new enterprise customers, a $4 billion expansion with OpenAIMurphy projected fiscal 2025 revenue of $5.01 billion and adjusted EPS of $(0.98).Needham: CoreWeave’s customer concentration increased during the calendar first quarter, with Microsoft growing to 72% of total revenue ($707 million), more than 10x from $62 million in the year-ago quarter. Microsoft was responsible for 81% ($645 million) of the $793 million increase in incremental revenue dollars. The rest of CoreWeave grew revenue by 117% to $275 million from $126 million in the year-ago quarter and was responsible for the remaining 19% of incremental revenue dollars. Outside of Microsoft, no other customer exceeded 10% of revenue in the quarter.Beyond the initial March 2025 Master Services Agreement for $11.9 billion, OpenAI entered an additional commitment to pay CoreWeave up to $4 billion through April 2029. The company signed the contract in May 2025, which will be reflected in the revenue backlog when CoreWeave reports June quarter results.CoreWeave generated 98% of revenue from committed contracts, with the remaining 2% from on-demand. Cikos noted that the high 90% revenue contribution reflects management’s disciplined build cycles, where CoreWeave deploys capital upon signing committed contracts.CoreWeave recognized $587 million (80%) of revenue from the deferred revenue balance during the quarter.CoreWeave’s cRPO (to be recognized over the next 24 months) increased 4% sequentially to $8.5 billion. Long-term RPO (to be recognized over months 25-72) declined 11% to $6.2 billion sequentially. Cikos highlighted to investors that the OpenAI contract is not included in RPO as CoreWeave is still evaluating the agreement’s accounting treatment.Cikos projected fiscal 2025 revenue of $5.05 billion and adjusted EPS of $(1.23).CRW Price Action: CoreWeave stock is up 26.74% at $83.30 at publication on Friday.<ul> <li>TeraWulf Price Forecast Cut As Analyst Cites Tough Bitcoin Economics, Doubts Over AI Growth Plans</li> </ul>Photo: PJ McDonnell via Shutterstock</div></div></div>

Nvidia will release its first quarter report for fiscal year 2026 ending April 27, 2025. 

According to analysts surveyed by FactSet, Nvidia's first-quarter revenue is expected to increase 66% year-on-year to $43.3 billion; adjusted earnings per share will increase 44% year-on-year to $0.88. The growth rate of revenue and profits has slowed significantly compared with the same period last year. In the same period last year, Nvidia's revenue increased by 262% year-on-year, and its adjusted earnings per share increased by 461% year-on-year.

Nvidia will release its first quarter report for fiscal year 2026 ending April 27, 2025. According to analysts surveyed by FactSet, Nvidia's first-quarter revenue is expected to increase 66% year-on-year to $43.3 billion; adjusted earnings per share will increase 44% year-on-year to $0.88. The growth rate of revenue and profits has slowed significantly compared with the same period last year. In the same period last year, Nvidia's revenue increased by 262% year-on-year, and its adjusted earnings per share increased by 461% year-on-year.

NVIDIA Financial Results for Q4 Fiscal 2025

CRWV

CoreWeave Inc's stock surged following strong first-quarter earnings, with revenue of $981.63 million surpassing estimates. Analysts from JPMorgan and Needham raised price targets significantly, citing major contracts with Microsoft and OpenAI. Microsoft accounted for 72% of revenue, while CoreWeave's revenue backlog is influenced by the accounting treatment of its contracts. Analysts project fiscal 2025 revenue around $5 billion, but caution about potential volatility in stock performance. CoreWeave shares rose 26.74% to $83.30.

- Wall Street analysts have raised their price targets for CoreWeave Inc, with JPMorgan increasing it from $43 to $66 and Needham from $55 to $78.  
- CoreWeave reported first-quarter revenue of $981.63 million, surpassing estimates, and noted significant contracts with Google and OpenAI, although the latter's $11.9 billion contract is not yet included in the revenue backlog.  
- The company's revenue concentration has increased, with Microsoft accounting for 72% of total revenue, and analysts project fiscal 2025 revenue around $5 billion, indicating a volatile investment landscape.

CoreWeave Surges As Microsoft, OpenAI Deals Fuel Revenue Spike, Wall Street Boost