BofA Picks CoreWeave Over Nebius on Upside Potential
Bank of America keeps Buy ratings on CoreWeave and Nebius ahead of Q3 results but sees more upside in CoreWeave despite its heavier funding needs.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
According to gurufocus.com, Bank of America keeps Buy ratings on CoreWeave and Nebius ahead of their third-quarter reports, but favors CoreWeave despite its large capital requirements. Analyst Tal Liani set a $140 price target for CoreWeave, implying about 126.5% upside, and a $310 target for Nebius, roughly 80.6% upside.
The bank expects CoreWeave to add about 200 MW of capacity, reaching around 1.7 GW of active power, with quarterly revenue of $3.66 billion. Its backlog stands near $129 billion, but BofA says the main question is whether the company can finance the buildout, which may require another $20 billion. For Nebius, BofA forecasts $906 million in Q3 revenue and 525 MW of active power, and it sees a possible need for $18 billion in 2027.
why it matters
The note matters for the market as a sign that AI infrastructure spending now depends as much on financing as on demand. Rising capital expenditure and the need for new debt or convertible issues could weigh on how investors value companies in this sector. Key things to track include capacity additions, capex trends, financing costs and how quickly backlog turns into revenue.
tags
instruments
sources
- BofA Picks Its Favorite Between CoreWeave and Nebius — gurufocus.com, 22 October 2026 at 18:44 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗