Revenue will see a "significant" upward revision. Deutsche Bank gives CoreWeave (CRWV.US) a "buy" rating.

Deutsche Bank Aktiengesellschaft expects CoreWeave (CRWV.US) to see a "significant" upward revision, giving it a "buy" rating. As of the close on Monday, the stock rose 7.60% to $120.47. "We see several positive factors coming together to support a significant upward revision in revenue/remaining performance obligations (RPO) over the next one to two quarters," analyst Brad Zelnik wrote in a client report, "although there is still some long-term uncertainty in the artificial intelligence sector, investors have shown willingness to reward this." Zelnik pointed out that the company will benefit from new computing power resources coming online in the next 12 to 18 months, all of which have not yet signed customer contracts. According to him, the company has also established partnerships with OpenAI, Microsoft Corporation (MSFT.US), Meta (META.US), NVIDIA Corporation (NVDA.US) (including the updated agreement announced today), and another "top-tier" hyperscale service provider. "We believe that the strength and technical depth of these partnerships have not been fully recognized by the market. In industry research, CoreWeave has consistently been seen as the clear leader in delivering high-performance GPU computing power at scale. With the combination of these partnerships and technological leadership, we believe CoreWeave will become an important player in the future artificial intelligence plans of these giants," Zelnik explained.