Bank of America just got even more bullish on CoreWeave (CRWV), spearheaded by the market’s insatiable demand for AI infrastructure.

On May 6, according to TheFly, BofA raised its price target on the AI cloud giant’s stock to $140 from $120, while maintaining a “Buy” rating, driven by relentless demand for AI inference.

The call comes after CoreWeave delivered another Q1 earnings smasher, with a sizeable top-line beat and a ballooning backlog figure that grabbed Wall Street’s attention.

For perspective, CoreWeave stock has been one of the few stocks that have killed it this year, rising roughly 60% year-to-date, according to Seeking Alpha.

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