CoreWeave (NASDAQ:CRWV) Given New $115.00 Price Target at Wells Fargo & Company

CoreWeave (NASDAQ:CRWV) had its price objective dropped by equities research analysts at Wells Fargo & Company from $160.00 to $115.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price points to a potential upside of 136.41% from the company’s previous close.

Other analysts also recently issued research reports about the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CoreWeave in a research note on Monday, September 21st. Cantor Fitzgerald reissued an “overweight” rating on shares of CoreWeave in a research note on Monday, October 19th. The Goldman Sachs Group raised CoreWeave from a “neutral” rating to a “buy” rating and set a $106.00 price target for the company in a research note on Monday, October 19th. Btg Pactual set a $125.00 price target on CoreWeave in a report on Monday, September 21st. Finally, Moffett Nathanson set a $89.00 price objective on shares of CoreWeave in a research note on Monday, October 19th. Twenty-seven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.19.

CoreWeave Stock Performance

Shares of CRWV traded up $2.24 during mid-day trading on Monday, reaching $48.64. 9,703,846 shares of the company’s stock traded hands, compared to its average volume of 32,017,873. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.46 and a current ratio of 0.46. The business’s 50-day moving average price is $75.56 and its 200-day moving average price is $89.88. The stock has a market capitalization of $22.32 billion, a P/E ratio of -13.34 and a beta of 7.71. CoreWeave has a 12 month low of $40.58 and a 12 month high of $138.25.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($1.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.58 billion during the quarter. During the same period last year, the company earned ($0.27) earnings per share. The business’s quarterly revenue was up 112.5% compared to the same quarter last year. Equities analysts predict that CoreWeave will post -4.97 earnings per share for the current year.

Insider Activity

In related news, insider Kristen J. Mcveety sold 156,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $81.63, for a total transaction of $12,734,280.00. Following the transaction, the insider owned 123,313 shares in the company, valued at $10,066,040.19. This trade represents a 55.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael N. Intrator sold 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $95.72, for a total transaction of $19,144,000.00. Following the transaction, the chief executive officer owned 1,676,815 shares in the company, valued at $160,504,731.80. This represents a 10.66% decrease in their position. 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. Insiders sold 4,021,100 shares of company stock worth $364,306,253 over the last three months. Corporate insiders own 24.20% of the company’s stock.

Hedge Funds Weigh In On CoreWeave

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of CoreWeave by 139.7% in the second quarter. State Street Corp now owns 7,058,846 shares of the company’s stock valued at $702,638,000 after buying an additional 4,113,873 shares during the period. Alyeska Investment Group L.P. boosted its stake in CoreWeave by 55.7% during the second quarter. Alyeska Investment Group L.P. now owns 10,891,267 shares of the company’s stock valued at $1,084,117,000 after buying an additional 3,897,741 shares in the last quarter. Amundi boosted its stake in CoreWeave by 266.2% during the first quarter. Amundi now owns 3,284,121 shares of the company’s stock valued at $254,421,000 after buying an additional 2,387,337 shares in the last quarter. Bank of New York Mellon Corp bought a new position in CoreWeave during the second quarter valued at about $127,936,000. Finally, Jennison Associates LLC acquired a new position in CoreWeave during the first quarter worth about $95,135,000.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave signed a multi-year agreement with autonomous-driving company Wayve to provide Blackwell AI infrastructure. The deal expands its “physical AI” customer base, though financial terms were not disclosed. Article: CoreWeave Signs Multi-Year Deal With Wayve
• Positive Sentiment: Reports point to a $104 billion backlog and expectations for 159% year-over-year revenue growth, highlighting substantial demand for CoreWeave’s AI-computing capacity. Investors will look for evidence in the earnings report that growth can translate into sustainable cash flow. Article: CoreWeave Q3 earnings
• Neutral Sentiment: With local opposition to data centers intensifying in Texas, CoreWeave has contacted governor-elect Gina Hinojosa and said communities should benefit from projects without bearing their costs. The outreach may help address concerns, but policy and permitting uncertainty remain. Article: CoreWeave Makes Big Promise to Texas Governor-Elect
• Negative Sentiment: Credit-market stress is a key overhang: reports say CoreWeave bond yields have climbed above 16%, with some coverage citing yields above 17%. That signals lenders see elevated risk and could make it more expensive for the capital-intensive company to fund expansion. Article: CoreWeave confronts neocloud credit risk
• Negative Sentiment: Investors are also focused on substantial debt and interest expense, with one earnings preview citing about $900 million in quarterly interest. These costs could limit the benefit of rapid revenue growth and heighten the need for successful financing and execution. Article: CoreWeave Q3 earnings
• Negative Sentiment: CRWV has fallen more than 40% over the past month and is approaching a fresh 18-month low, reflecting the market’s concerns about credit risk, funding needs and data-center uncertainty ahead of earnings. A reported $925,536 stock sale by an executive adds a modest additional negative signal. Article: CoreWeave Stock Drops as CEO Pushes for Texas Data-Center Clarity

About CoreWeave

CoreWeave is a cloud computing company that provides infrastructure for artificial intelligence, machine learning, and other compute-intensive workloads. Its services include access to graphics processing units (GPUs), cloud storage and networking, and software tools for deploying and managing workloads.

The company was founded in 2017 as a cryptocurrency mining business and later shifted its focus to cloud computing. CoreWeave is headquartered in Livingston, New Jersey, and operates data center infrastructure in the United States and Europe, serving customers that need large-scale computing resources.

Co-founder Michael Intrator serves as CoreWeave’s chief executive officer.