CoreWeave Shares Rise 9% on Tuesday as Cantor Sees $40B Q2 Bookings, 90% of 2027 ARR Goal Secured

According to Cantor Fitzgerald, CoreWeave (CRWV) shares rose 9% on Tuesday after the analyst firm highlighted a previously overlooked disclosure in the company's recent bond offering memorandum. Cantor estimates CoreWeave could generate nearly $40 billion in new contract bookings during the second quarter, roughly matching Q1 levels, and believes the company has likely already secured about 90% of its targeted $30 billion annual recurring revenue goal for 2027.

Cantor reiterated its 'Overweight' rating on CoreWeave with a price target of $167, implying approximately 44% upside potential. The firm also noted CoreWeave is expected to join the Nasdaq-100 Index before market open on June 22, 2026.