CoreWeave (NASDAQ:CRWV) Given Buy Rating at Rosenblatt Securities

CoreWeave (NASDAQ:CRWV)‘s stock had its “buy” rating reissued by research analysts at Rosenblatt Securities in a research note issued to investors on Friday, Benzinga reports. They currently have a $250.00 target price on the stock. Rosenblatt Securities’ target price indicates a potential upside of 177.38% from the stock’s current price.

Several other brokerages also recently weighed in on CRWV. Cantor Fitzgerald set a $176.00 price objective on CoreWeave and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Needham & Company LLC reiterated a “hold” rating on shares of CoreWeave in a research report on Thursday, August 13th. Citigroup boosted their price objective on CoreWeave from $142.00 to $159.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $150.00 target price on shares of CoreWeave in a report on Friday, August 7th. Finally, Jefferies Financial Group downgraded CoreWeave from a “buy” rating to a “hold” rating in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, CoreWeave presently has a consensus rating of “Moderate Buy” and an average target price of $138.78.

CoreWeave Trading Up 3.7%

CRWV stock traded up $3.23 during midday trading on Friday, hitting $90.13. The company had a trading volume of 33,660,490 shares, compared to its average volume of 28,634,404. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 5.53. CoreWeave has a 52 week low of $60.55 and a 52 week high of $153.20. The stock’s 50 day moving average price is $85.80 and its 200 day moving average price is $94.40. The stock has a market cap of $41.36 billion, a price-to-earnings ratio of -24.69 and a beta of 7.45.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($1.14) earnings per share for the quarter, beating the consensus estimate of ($1.52) by $0.38. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%.The firm had revenue of $2.58 billion during the quarter. During the same quarter in the previous year, the firm posted ($0.27) EPS. The business’s revenue for the quarter was up 112.5% compared to the same quarter last year. As a group, equities research analysts expect that CoreWeave will post -5.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Michael N. Intrator sold 278,560 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $97.43, for a total transaction of $27,140,100.80. Following the completion of the transaction, the chief executive officer owned 3,138,612 shares in the company, valued at $305,794,967.16. This represents a 8.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, major shareholder Magnetar Financial Llc sold 307,131 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $108.75, for a total value of $33,400,496.25. Following the transaction, the insider owned 220,810 shares of the company’s stock, valued at approximately $24,013,087.50. This represents a 58.18% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 6,380,334 shares of company stock valued at $561,507,579. 24.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CoreWeave

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Essential Partners LLC purchased a new stake in CoreWeave in the second quarter worth $30,000. Burnham & Co LLC purchased a new stake in CoreWeave in the second quarter worth $32,000. Cullen Frost Bankers Inc. grew its stake in CoreWeave by 45.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after purchasing an additional 121 shares during the period. Cassaday & Co Wealth Management LLC purchased a new stake in CoreWeave in the first quarter worth $31,000. Finally, Allied Private Wealth LLC purchased a new stake in CoreWeave in the second quarter worth $40,000.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: JPMorgan upgraded CoreWeave to Overweight from Neutral and raised its price target to $125 from $120. The bank cited premium short-term compute pricing and favorable contracts, suggesting CoreWeave may have stronger pricing power as demand for AI capacity outpaces supply. JPMorgan upgrades CoreWeave to Overweight on premium short-term compute pricing
• Positive Sentiment: UBS initiated coverage with a Buy rating and a $120 price target, also pointing to resilient AI-compute demand and a valuation it considers undemanding relative to CoreWeave’s growth prospects. The additional bullish coverage is supporting sentiment toward the stock. CoreWeave gets Buy rating from UBS as AI compute demand strengthens
• Positive Sentiment: CoreWeave announced a multi-year agreement with Harell Data to provide infrastructure for AI model training, fine-tuning and inference. The deal expands its customer base and could create another avenue for growth amid intense competition in cloud services. Harell Data Selects CoreWeave to Power Its Secure Platform for AI Model Training
• Positive Sentiment: CoreWeave earned SemiAnalysis’ Platinum ClusterMAX rating for the third consecutive evaluation—the only provider to receive the distinction each time. The recognition reinforces its positioning on AI-cloud performance, reliability and scalability. CoreWeave earns SemiAnalysis Platinum ClusterMAX rating
• Neutral Sentiment: Despite the positive catalysts, trading has been mixed across AI infrastructure stocks, indicating that investors remain selective and focused on funding needs, valuation and execution.
• Negative Sentiment: CoreWeave completed an upsized convertible-notes offering totaling approximately $3.7 billion in principal, with reports describing a $4.2 billion transaction value. The financing provides capital for data-center expansion but increases debt obligations, interest costs and potential future share dilution as capital spending accelerates. CoreWeave closes $4.2 billion convertible notes deal

About CoreWeave

CoreWeave, Inc is a specialized cloud computing provider focused on infrastructure for artificial intelligence, machine learning, high-performance computing and other data-intensive workloads. The company provides access to accelerated computing resources, particularly graphics processing units (GPUs), through a cloud platform designed for large-scale training, inference, rendering and scientific computing.

Its offerings include on-demand and reserved GPU instances, cloud storage, high-speed networking, Kubernetes-based container orchestration and managed services for deploying and scaling workloads.