A steep one-day decline and partial recovery marked a volatile two-session stretch for CoreWeave, an AI infrastructure provider, with shares down 16% on Oct. 14 before gaining nearly 5% on Oct. 15.
On Oct. 15, Bank of America raised its revenue growth estimates for CoreWeave in 2027 and 2028. The bank lifted its 2027 projection to 105% from 102% and its 2028 estimate to 63% from 58%, while keeping its $140 price target and Buy rating.
Yields on two CoreWeave bonds came close to 15% on Oct. 14, then rebounded on Oct. 15.
Bank of America’s projections factor in 1.4 gigawatts to 1.5 gigawatts of new power capacity in each year. Its model puts active capacity at 4.8 gigawatts at the end of 2028. CoreWeave reported 1.5 gigawatts of active capacity and about 3.7 gigawatts of contracted capacity as of June 30.
CoreWeave reported $2.575 billion in revenue for the quarter ended June 30, 2026, up from $1.212 billion a year earlier, and recorded a $626 million net loss.
