CoreWeave's Massive Backlog Signals Buying Opportunity

Oakoff Investments Investing Group Follow Summary CoreWeave Corporation (CRWV) remains a 'Buy' as I see the market underestimating its execution quality and future growth potential. CRWV's backlog surged from $15B in fiscal 2025 to $104.2B in Q2 2026, with major new contracts in 2H 2026 expected to diversify revenue from Microsoft and support multi-year growth. Despite a high debt load and macro-driven technical selling, I expect operating leverage inflection and margin expansion from new architectures and self-build data centers. I project 30% upside in the next 12 months, driven by strong demand, backlog momentum, and catalysts like Vera Rubin deployments and international expansion. Looking for a helping hand in the market? Members of Beyond the Wall Investing get exclusive ideas and guidance to navigate any climate. Learn More » iiievgeniy/iStock via Getty Images Updating My "Buy" On CRWV In my previous update on CoreWeave Corporation ( CRWV ), I called the stock a no-brainer "Buy" ahead of its earnings print at the time (February 2026), as I foresaw improved growth visibility and lower This article was written by Oakoff Investments 10.66K Followers Follow Oakoff Investments is a personal portfolio manager and a quantitative research analyst with 5 years helping readers find a reasonable balance between growth and value by sharing proprietary Wall Street information. He leads the investing group Beyond the Wall Investing with features that include: a fundamentals-based portfolio, weekly analysis on insights from institutional investors, regular alerts for short-term trade ideas based on technical signals, ticker feedback by request from readers, and community chat. Learn more. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in CRWV over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.