TLDRWells Fargo reiterates Overweight on CoreWeave (CRWV) with a $125 price target ahead of Q4 earnings on Feb 26Q4 revenue forecast sits at $1.57B, slightly above the $1.56B consensus and near the top of guidanceCoreWeave has beaten revenue estimates every quarter since its IPO, though the margin of those beats has been shrinkingOver 1 gigawatt of contracted capacity remains available to sell, with the Poolside deal alone estimated at ~$1B in annual revenueRoth Capital also holds a Buy rating with a $110 target, citing Meta/OpenAI datacenter activity and the GB300 cluster rollout as catalystsCoreWeave is set to report fourth-quarter fiscal 2025 results after the bell on February 26, and Wall Street is watching closely.CoreWeave, Inc. Class A Common Stock, CRWVWells Fargo analyst Michael Turrin reiterated an Overweight rating and a $125 price target on the stock ahead of the print. His core argument: current estimates may not fully capture the demand picture.Turrin models Q4 revenue at roughly $1.57 billion. That sits just above the consensus estimate of $1.56 billion and near the top of CoreWeave’s own guidance range of $1.49 billion to $1.59 billion.CoreWeave has beaten revenue expectations in every quarter since going public. The beats have been getting smaller though — 15% in Q1, 10% in Q2, and around 5% in Q3. Turrin expects a similar result this quarter.The stock currently trades around $89.25, and the average price target across analysts sits at $118.57, implying about 33% upside from current levels. Over the past year, CRWV has climbed more than 140%.Capacity and Deals in FocusOne of the key metrics investors will be watching is remaining performance obligations, or RPO — a measure of contracted future revenue.CoreWeave’s CEO has already confirmed the company surpassed its prior 850-megawatt power target. On its Q3 call, management said more than 1 gigawatt of its 2.9 gigawatts of contracted capacity was still available to sell to customers, expected to come online over the next 12 to 24 months.That pipeline matters. More available capacity means more room for new bookings.During Q4, CoreWeave announced deals with AI firms Runway and Poolside. The Poolside agreement involved more than 40,000 GPUs. Wells Fargo estimates that deal alone represents around $1 billion in annual revenue and 80 megawatts of power.If that estimate is in the right ballpark, it suggests demand may not be fully baked into current forecasts — which is part of why Turrin is asking whether it’s time to raise numbers.Other Analyst ViewsRoth Capital is also bullish going into earnings. The firm kept its Buy rating and $110 price target, pointing to Meta and OpenAI datacenter activity, the GB300 cluster rollout, and potential software releases around Nvidia’s GTC event as near-term catalysts.Citizens holds a Market Outperform rating with a $180 target, citing CoreWeave’s GPU-as-a-Service positioning and a revenue backlog that reportedly exceeds $56 billion.Not everyone is on board. HSBC has a Reduce rating and cut its price target to $41, flagging rising interest costs and widening credit default spreads as concerns.Wells Fargo flagged that Friday headlines raised questions around 2027 demand that management will need to address on the earnings call.CoreWeave’s consensus rating on TipRanks is Moderate Buy, based on nine Buy ratings and eight Holds.The Q4 report drops after market close on February 26.The post CoreWeave (CRWV) Stock: Wells Fargo Says It May Be Time to Raise Estimates Ahead of Earnings appeared first on Blockonomi.