Rosenblatt Securities reaffirmed its 'Buy' rating and a $250 price target for CoreWeave Inc. on July 6, 2026. The firm addressed investor concerns following reports that Meta Platforms may enter the cloud computing business. Meta's potential move to sell AI computing power poses potential competition for CoreWeave.
Rosenblatt analysts believe the recent selloff in CoreWeave's shares presents a buying opportunity. Their channel checks indicate no change in the high demand for GPU compute, with shortages remaining the norm. The firm also expressed doubt that Meta has the right to resell any capacity leased from CoreWeave through 2032.
The analyst note follows a period of volatility for CoreWeave's stock. Heavy insider selling and concerns about increased competition affected the stock. Other firms, including Jefferies, suggest Meta's move could be strategic for Meta without diminishing CoreWeave's value proposition in hosting AI compute.