CoreWeave: Why I Am Reiterating A Buy

Kennedy Njagi1.8K FollowersFollow5ShareSavePlay(9min)CommentsSummaryI reiterate CoreWeave (CRWV) with a Buy, driven by a $66.8Bn committed backlog and accelerating revenue conversion.CRWV guides for $12–13Bn in 2026 revenue and targets $17–19Bn 2026 exit run-rate, with over $30Bn projected for 2027.Attach rates, especially in storage, are robust, with $100Mn ARR and 800% attach rates among large customers, supporting long-term margin expansion.Despite premium sales multiples, CRWV trades at a forward EV/EBITDA discount and strong FWD cash flow multiples, with execution risk as the primary concern. Lahiru Lakmal/iStock via Getty Images Investment Thesis CoreWeave (CRWV) is still one of my best ways to play out the infrastructure buildout. The difference today is that I do not have to lean on vague optimism. And I say this with reference to the This article was written byKennedy Njagi1.8K FollowersFollowKennedy is a GARP-themed hedge fund manager with a bias towards companies with aggressive growth prospects, en route to becoming highly profitable in 1-2 years.His investment philosophy emphasizes long-term discipline, consistent alpha, and a pinch of salt (risk).He writes to empower the underprivileged and improve financial literacy.The Curious Analyst is an associate of Kennedy NjagiAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in CRWV over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.