CoreWeave Inc. (NASDAQ:CRWV) Stock Has Average Target Price of $130.31 According to Brokerages

CoreWeave Inc. (NASDAQ:CRWV) has earned a consensus recommendation of “Moderate Buy” from the thirty-six research firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and twenty-five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $130.31.

Several brokerages have recently issued reports on CRWV. Citigroup lifted their price target on CoreWeave from $142.00 to $159.00 and gave the company a “buy” rating in a research report on Friday, August 14th. BTIG Research started coverage on CoreWeave in a report on Wednesday, July 22nd. They issued a “buy” rating for the company. Raymond James Financial cut CoreWeave from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. BNP Paribas Exane reaffirmed an “outperform” rating and set a $117.00 target price on shares of CoreWeave in a research note on Monday. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of CoreWeave in a report on Thursday, August 13th.

Insider Buying and Selling

In other news, CFO Nitin Agrawal sold 22,579 shares of CoreWeave stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $80.13, for a total value of $1,809,255.27. Following the transaction, the chief financial officer owned 110,017 shares of the company’s stock, valued at $8,815,662.21. The trade was a 17.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Jonathan Jones sold 21,569 shares of the business’s stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $77.42, for a total transaction of $1,669,871.98. Following the completion of the sale, the executive owned 5,392 shares in the company, valued at $417,448.64. The trade was a 80.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders sold 5,352,578 shares of company stock worth $471,777,344 in the last ninety days. Insiders own 24.20% of the company’s stock.

Institutional Trading of CoreWeave

A number of large investors have recently added to or reduced their stakes in the business. Alyeska Investment Group L.P. lifted its position in shares of CoreWeave by 55.7% during the 2nd quarter. Alyeska Investment Group L.P. now owns 10,891,267 shares of the company’s stock valued at $1,084,117,000 after acquiring an additional 3,897,741 shares during the last quarter. State Street Corp boosted its stake in shares of CoreWeave by 139.7% during the 2nd quarter. State Street Corp now owns 7,058,846 shares of the company’s stock worth $702,638,000 after acquiring an additional 4,113,873 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of CoreWeave by 13.1% in the 1st quarter. Bank of America Corp DE now owns 5,652,129 shares of the company’s stock worth $437,870,000 after acquiring an additional 653,398 shares during the last quarter. Amundi grew its holdings in shares of CoreWeave by 266.2% in the 1st quarter. Amundi now owns 3,284,121 shares of the company’s stock worth $254,421,000 after acquiring an additional 2,387,337 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of CoreWeave by 64.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,415,103 shares of the company’s stock worth $140,859,000 after purchasing an additional 555,999 shares during the period.

CoreWeave Price Performance

NASDAQ CRWV opened at $54.24 on Friday. CoreWeave has a 12 month low of $53.50 and a 12 month high of $141.79. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.46 and a quick ratio of 0.46. The firm has a market capitalization of $24.89 billion, a PE ratio of -14.86 and a beta of 7.36. The company’s 50 day simple moving average is $82.95 and its 200 day simple moving average is $93.76.

CoreWeave (NASDAQ:CRWV) last announced its earnings results on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, topping the consensus estimate of ($1.52) by $0.38. The firm had revenue of $2.58 billion for the quarter. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%. CoreWeave’s revenue for the quarter was up 112.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.27) EPS. As a group, equities research analysts forecast that CoreWeave will post -4.96 EPS for the current fiscal year.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave’s long-term growth case remains substantial. The company reportedly has approximately $104 billion in contracted revenue, has implemented a 25% price increase and is bringing additional data-center capacity online. Bank of America maintained a Buy rating and cited the potential for a 168% year-over-year increase in third-quarter revenue. CoreWeave capacity expansion to drive revenue growth, Bank of America says
• Positive Sentiment: New enterprise products, including a Zero Trust AI Framework and Physical AI Launchables, could broaden CoreWeave’s customer base by addressing security and deployment concerns in robotics, autonomous vehicles and other advanced workloads. Does CoreWeave Change The Enterprise AI Case With New Security Tools?
• Neutral Sentiment: Some analysts and industry executives argue that the AI selloff is overdone and that demand fundamentals remain strong. However, investors are waiting for upcoming third-quarter results to determine whether revenue growth is translating into cash flow and sustainable profits. The AI Rout: Sorting CAPEX Fact From Fiction
• Negative Sentiment: Higher Treasury yields are reducing the appeal of speculative growth stocks and increasing CoreWeave’s borrowing costs. Its balance sheet is highly leveraged, with a debt-to-equity ratio above 5, while its bonds and credit-default swaps have shown signs of investor stress. Analysts have highlighted a potential $76 billion funding gap to support planned expansion. Bernstein puts CoreWeave’s funding gap at $76 billion
• Negative Sentiment: Analyst sentiment has deteriorated. Morgan Stanley reduced its price target from $99 to $70 and assigned an Equal Weight rating, while other analysts have also cut targets amid financing concerns. The downgrades are reinforcing the view that strong AI demand may not offset near-term capital and liquidity risks. Morgan Stanley lowers CoreWeave price target
• Negative Sentiment: Short sellers have profited from the selloff in AI data-center stocks, and concerns about expensive debt, large capital expenditures and uncertain returns could continue to pressure CRWV until the company demonstrates stronger free cash flow. Short Sellers Just Made $6 Billion Betting Against AI Data Center Stocks

About CoreWeave

CoreWeave, Inc is a specialized cloud computing company that provides infrastructure designed for artificial intelligence (AI), machine learning, and other high-performance computing workloads. Its platform gives customers access to accelerated computing resources, including graphics processing units (GPUs), along with the networking, storage, and software tools needed to develop, train, and deploy demanding applications.

The company offers cloud services for AI model training and inference, visual effects and rendering, scientific computing, and other data-intensive workloads.