JPMorgan maintained its neutral rating on CoreWeave. While the firm notes strong demand for the company's services, analysts expressed concerns regarding potential site delays.
CoreWeave’s capacity for 2026 is already substantially allocated. The company boasts a backlog of approximately $56 billion, and discussions with customers remain in advanced stages.
The company recently amended a $2.6 billion loan agreement. This change provides near-term liquidity relief by lowering minimum liquidity requirements for March-April 2026. However, a recent analysis highlighted that CoreWeave is rapidly burning through cash.
This news follows the filing of a securities class-action lawsuit earlier this week. The suit alleges CoreWeave misled investors regarding construction delays at its data centers.