“Coreweave Down 35% . This Analyst Reiterated His $250 Target Even After ‘Meta Compute’ Was Announced.”
August 13, 2026
“CRWV crashed 38% in one month on fears Meta’s new cloud cannibalizes its GPU rental business, but 24 of 37 analysts still rate it Buy.
McPeake reiterated his $250 target citing META’s $35.2B contract bars GPU reselling, shielding CoreWeave from direct cannibalization by Meta Compute.
META’s launch triggered a sector rout that sent APLD down 43% in a month, yet all 11 analysts covering Applied Digital still rate it Buy or Strong Buy…”