CoreWeave (NASDAQ:CRWV) stock closed at $81.75 on July 2, 2026, down 46.14% over the past year, but a $99.4 billion committed backlog supports a 24/7 Wall St. price target of $167.48, implying 104.88% upside. Risks include a securities fraud lawsuit alleging concealed data center construction delays and understated reliance on a single supplier, debt surging from $2 billion in 2023 to $35 billion, and CEO Michael Intrator selling roughly $37.7 million in shares on June 30, 2026. The bull case cites NVIDIA's $2 billion equity investment, a contracted power pipeline exceeding 3.5 GW, and backlog growth from $30.1 billion in Q2 2025 to $99.4 billion in Q1 2026. Q1 2026 revenue was $2.08 billion, up 111.7% year over year, but free cash flow was -$4.71 billion, capex hit $7.70 billion, and interest expense doubled to $536 million. Total liabilities reached $50.81 billion against $4.76 billion in shareholders' equity.