Galaxy Digital price target raised to $36 from $34 at Piper Sandler
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 21 2025
0mins
Should l Buy CRWV?
Price Target Increase: Piper Sandler raised the price target for Galaxy Digital (GLXY) from $34 to $36 while maintaining an Overweight rating, highlighting it as a top choice in the crypto sector.
Valuation Breakdown: The firm's analysis estimates the core crypto business at $14/share, a deal with CoreWeave at $12/share, and potential power from Helios at $16/share, suggesting a high-end valuation of $43/share.
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Analyst Views on CRWV
Wall Street analysts forecast CRWV stock price to rise
25 Analyst Rating
12 Buy
13 Hold
0 Sell
Moderate Buy
Current: 117.420
Low
68.00
Averages
123.23
High
180.00
Current: 117.420
Low
68.00
Averages
123.23
High
180.00
About CRWV
CoreWeave, Inc. is a cloud infrastructure technology company. The Company offers the CoreWeave Cloud Platform, which consists of software and cloud services that deliver the automation and efficiency needed to manage complex artificial intelligence (AI) infrastructure. Its CoreWeave Cloud Platform is an integrated solution that is purpose-built for running AI workloads such as model training and inference. Its solutions include infrastructure services, managed software services, and application software services. Its Infrastructure Services provide its customers with access to advanced graphics processing unit (GPU) and central processing unit (CPU) compute, highly performant networking, and storage. Its Managed Software Services include CKS, a flexible virtual private cloud and a bare metal service that runs kubernetes directly on high-performance servers. Its Application Software Services build on top of its infrastructure and managed software services, integrating additional tools.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Analysis of Nvidia's Surprising Stock Valuation
- Nvidia Growth vs Valuation: Despite Nvidia's market cap reaching $4.9 trillion, up over 1,600% from its 2022 low, its P/E ratio stands at just 41, lower than the S&P 500's 31, indicating market caution regarding its future growth potential.
- Strong Financial Performance: In fiscal 2026, Nvidia reported revenues of $216 billion, a 65% increase year-over-year, with net income of $120 billion; however, its high debt levels may limit further stock price appreciation.
- CoreWeave Market Potential: With a market cap of $61 billion, CoreWeave faces $21.4 billion in debt, yet its revenue surged 168% to $5.1 billion in 2025, reflecting strong demand in the AI cloud infrastructure sector.
- Risks and Opportunities: CoreWeave's P/S ratio is close to 10, and while its financial condition is precarious, improving profitability could lead to significant growth, attracting risk-tolerant investors' interest.
See More
AI Stocks Rally: Nvidia and CoreWeave Show Value Potential
- Nvidia's Strong Performance: Nvidia's stock has surged over 1,600% since its 2022 low, achieving $216 billion in revenue for fiscal 2026, a 65% year-over-year increase, and despite a P/E ratio of 41, it remains relatively cheap among AI stocks, indicating robust growth potential in the market.
- Market Value Psychological Barrier: With a market cap of $4.9 trillion, Nvidia's stock doubling would push its value to $9.8 trillion, potentially creating a psychological barrier that limits short-term price surges; however, its sustained 65% income growth is likely to attract risk-averse investors.
- CoreWeave's Market Positioning: CoreWeave, with a market cap of $61 billion, has rebounded over 60% this year after a significant IPO pullback, and its cloud infrastructure specifically designed for AI workloads gives it a competitive edge over larger players.
- Financial Risks and Growth Potential: CoreWeave has a negative P/E ratio with $21.4 billion in debt, but its revenue reached $5.1 billion in 2025, a 168% increase, and a backlog of $66.8 billion indicates strong customer demand; if it can improve its financials, the growth potential could be substantial.
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- Bloom Energy's Strong Performance: The fund's largest investment, Bloom Energy, has seen a 150% stock price increase this year, as the company leverages solid oxide fuel cells to provide reliable power for data centers, capitalizing on new opportunities presented by AI.
- Diverse Portfolio: Situational Awareness also holds stocks like Lumentum and CoreWeave, which have risen 143% and 63% respectively, providing essential technologies for data centers and cloud computing, showcasing Aschenbrenner's deep understanding and investment acumen in AI-related companies.
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- Fund Growth Surge: Aschenbrenner's Situational Awareness fund has skyrocketed from $250 million at its 2024 inception to $5.5 billion, indicating strong market demand for AI investments and solidifying its leadership in the AI sector.
- Stock Performance Excellence: The fund's portfolio includes Bloom Energy, which is up 150%, Lumentum at 143%, and CoreWeave at 63%, all significantly outperforming the S&P 500, reflecting the robust growth potential of AI-related stocks.
- Strategic Investment Focus: Situational Awareness concentrates on AI-supporting infrastructure companies like Core Scientific and Applied Digital, which are pivoting from cryptocurrency to AI development, highlighting the rapidly increasing demand for AI infrastructure in the market.
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See More
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- Debt Levels Raise Concerns: CoreWeave's total debt-to-EBITDA ratio stands at 8.87, with debt levels estimated between $20 billion and $30 billion, prompting industry analysts to warn that excessive debt could pressure the company financially before achieving profitability, potentially leading to acquisition.
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See More
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- Sustained AI Demand: Amazon's AWS reported an annualized AI revenue of $15 billion in Q1 2023, a staggering 260-fold increase from $58 million three years ago, highlighting the robust demand for AI products and services and reinforcing Amazon's market leadership.
- Rapid Technology Adoption: CEO Andy Jassy emphasized the unprecedented speed of AI adoption, citing ChatGPT's achievement of 100 million users in just four months, which is four times faster than TikTok, illustrating the widespread appeal and market potential of AI.
- Investor Sentiment Recovery: Although investor interest in AI stocks has waned recently, positive signals from the ongoing ceasefire in Iran have improved market sentiment, leading to renewed confidence in the long-term growth prospects of the AI sector, which may drive capital back into related companies.
- Long-Term Investment Opportunities: Historical data suggests that despite volatility in AI stocks, the long-term growth narrative remains intact, prompting investors to seize market dips to invest in companies excelling in AI, such as Amazon and Nvidia, with the potential for significant returns in the future.
See More
Analysis of Nvidia's Surprising Stock Valuation
- Nvidia Growth vs Valuation: Despite Nvidia's market cap reaching $4.9 trillion, up over 1,600% from its 2022 low, its P/E ratio stands at just 41, lower than the S&P 500's 31, indicating market caution regarding its future growth potential.
- Strong Financial Performance: In fiscal 2026, Nvidia reported revenues of $216 billion, a 65% increase year-over-year, with net income of $120 billion; however, its high debt levels may limit further stock price appreciation.
- CoreWeave Market Potential: With a market cap of $61 billion, CoreWeave faces $21.4 billion in debt, yet its revenue surged 168% to $5.1 billion in 2025, reflecting strong demand in the AI cloud infrastructure sector.
- Risks and Opportunities: CoreWeave's P/S ratio is close to 10, and while its financial condition is precarious, improving profitability could lead to significant growth, attracting risk-tolerant investors' interest.
See More
AI Stocks Rally: Nvidia and CoreWeave Show Value Potential
- Nvidia's Strong Performance: Nvidia's stock has surged over 1,600% since its 2022 low, achieving $216 billion in revenue for fiscal 2026, a 65% year-over-year increase, and despite a P/E ratio of 41, it remains relatively cheap among AI stocks, indicating robust growth potential in the market.
- Market Value Psychological Barrier: With a market cap of $4.9 trillion, Nvidia's stock doubling would push its value to $9.8 trillion, potentially creating a psychological barrier that limits short-term price surges; however, its sustained 65% income growth is likely to attract risk-averse investors.
- CoreWeave's Market Positioning: CoreWeave, with a market cap of $61 billion, has rebounded over 60% this year after a significant IPO pullback, and its cloud infrastructure specifically designed for AI workloads gives it a competitive edge over larger players.
- Financial Risks and Growth Potential: CoreWeave has a negative P/E ratio with $21.4 billion in debt, but its revenue reached $5.1 billion in 2025, a 168% increase, and a backlog of $66.8 billion indicates strong customer demand; if it can improve its financials, the growth potential could be substantial.
See More
Aschenbrenner's AI Investment Strategy
- Fund Growth: Aschenbrenner's venture fund, Situational Awareness, manages $5.5 billion as of Q1, holding 24 stocks primarily focused on AI infrastructure, indicating a strategic foresight in the impending AI revolution.
- Bloom Energy's Strong Performance: The fund's largest investment, Bloom Energy, has seen a 150% stock price increase this year, as the company leverages solid oxide fuel cells to provide reliable power for data centers, capitalizing on new opportunities presented by AI.
- Diverse Portfolio: Situational Awareness also holds stocks like Lumentum and CoreWeave, which have risen 143% and 63% respectively, providing essential technologies for data centers and cloud computing, showcasing Aschenbrenner's deep understanding and investment acumen in AI-related companies.
- Industry Transformation Trend: Companies like Core Scientific and Iren are shifting from cryptocurrency mining to AI development, with Iren's stock soaring 772% over the past year, reflecting strong market demand for AI infrastructure and investor confidence in this transition.
See More
Aschenbrenner's AI Investment Fund Surges
- Fund Growth Surge: Aschenbrenner's Situational Awareness fund has skyrocketed from $250 million at its 2024 inception to $5.5 billion, indicating strong market demand for AI investments and solidifying its leadership in the AI sector.
- Stock Performance Excellence: The fund's portfolio includes Bloom Energy, which is up 150%, Lumentum at 143%, and CoreWeave at 63%, all significantly outperforming the S&P 500, reflecting the robust growth potential of AI-related stocks.
- Strategic Investment Focus: Situational Awareness concentrates on AI-supporting infrastructure companies like Core Scientific and Applied Digital, which are pivoting from cryptocurrency to AI development, highlighting the rapidly increasing demand for AI infrastructure in the market.
- Optimistic Market Outlook: As AI technology continues to evolve, Aschenbrenner's investment strategy not only capitalizes on current market trends but also lays the groundwork for future growth, likely attracting more investors to explore potential opportunities in the AI sector.
See More
Emerging Neocloud Companies Face Risks and Opportunities
- Market Volatility Intensifies: CoreWeave's stock surged 42% in April after declines of 2% in March and 15% in February, highlighting the extreme volatility of neocloud stocks, which requires investors to navigate market risks cautiously.
- Debt Levels Raise Concerns: CoreWeave's total debt-to-EBITDA ratio stands at 8.87, with debt levels estimated between $20 billion and $30 billion, prompting industry analysts to warn that excessive debt could pressure the company financially before achieving profitability, potentially leading to acquisition.
- Uncertain Profitability Outlook: While Citi analysts project a 15% increase in Nebius's stock price over the next year, the $4.34 billion debt issued in March caused a 20% decline in its stock that month, reflecting market concerns regarding the profitability of neoclouds.
- Growing AI Demand: Despite the high debt and profitability challenges faced by neoclouds, industry analysts note that AI's penetration into commercial workflows is accelerating, with strong client demand for high-performance chips, indicating that market potential remains robust.
See More
Amazon's Role in the AI Gold Rush
- Sustained AI Demand: Amazon's AWS reported an annualized AI revenue of $15 billion in Q1 2023, a staggering 260-fold increase from $58 million three years ago, highlighting the robust demand for AI products and services and reinforcing Amazon's market leadership.
- Rapid Technology Adoption: CEO Andy Jassy emphasized the unprecedented speed of AI adoption, citing ChatGPT's achievement of 100 million users in just four months, which is four times faster than TikTok, illustrating the widespread appeal and market potential of AI.
- Investor Sentiment Recovery: Although investor interest in AI stocks has waned recently, positive signals from the ongoing ceasefire in Iran have improved market sentiment, leading to renewed confidence in the long-term growth prospects of the AI sector, which may drive capital back into related companies.
- Long-Term Investment Opportunities: Historical data suggests that despite volatility in AI stocks, the long-term growth narrative remains intact, prompting investors to seize market dips to invest in companies excelling in AI, such as Amazon and Nvidia, with the potential for significant returns in the future.
See More
