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CoreWeave shares drop but maintain buy rating with strong AI growth potential and $45B revenue forecast by 2028

Analyst Insights
15 Nov 2026, 17:14 WIB
Seeking Alpha
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Bullish
CoreWeave shares drop but maintain buy rating with strong AI growth potential and $45B revenue forecast by 2028

CoreWeave's stock has fallen to under 4 times forward revenue, reducing risk of further price compression. The company shows strong fundamentals with a contracted power backlog of over 4.6 GW and active power of 1.7 GW supporting its 8 GW goal by decade-end. Financing and customer prepayments support AI infrastructure growth, with revenue expected to exceed $45 billion by fiscal year 2028 and operating margins above 20%. However, free cash flow profitability is still several years away. The stock is seen as a solid buy due to its proven scale and growth potential in the AI cloud sector.

CoreWeave's market cap stands at $29.55 billion as of Nov 15, 2026, 22:31 WIB, reflecting strong investor interest despite a 6.13% drop in its stock price to USD 53.13 on Pluang. The stock shows high liquidity with a volume of 79,599,933 shares traded and a dominant buy order activity of 96%, indicating confidence in its growth potential. Typical hold time on Pluang is 13 days, suggesting active trading among retail investors.

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