Robert W. Baird Upgrades CoreWeave (NASDAQ:CRWV) to Strong-Buy

CoreWeave (NASDAQ:CRWV) was upgraded by Robert W. Baird to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

CRWV has been the subject of a number of other research reports. Bank of America raised shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 target price for the company in a research note on Tuesday, March 24th. DA Davidson reissued a “neutral” rating and issued a $100.00 price target (down from $175.00) on shares of CoreWeave in a research report on Monday, May 18th. Raymond James Financial downgraded CoreWeave from a “moderate buy” rating to a “hold” rating in a research note on Wednesday. Wells Fargo & Company raised their price objective on CoreWeave from $135.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Finally, Mizuho lowered their price objective on CoreWeave from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, CoreWeave presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.25.

CoreWeave Stock Up 3.8%

Shares of CoreWeave stock opened at $82.64 on Tuesday. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31. The company has a 50-day moving average of $98.41 and a 200 day moving average of $95.46. The firm has a market cap of $36.99 billion, a price-to-earnings ratio of -26.57 and a beta of 7.17. CoreWeave has a 1 year low of $63.80 and a 1 year high of $153.20.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The business had revenue of $2.08 billion for the quarter. During the same period in the prior year, the business posted ($0.60) earnings per share. CoreWeave’s revenue for the quarter was up 111.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that CoreWeave will post -4.57 earnings per share for the current fiscal year.

Insider Buying and Selling at CoreWeave

In other news, insider Brian M. Venturo sold 375,000 shares of CoreWeave stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $109.03, for a total value of $40,886,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jack D. Cogen sold 986,540 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $107.80, for a total transaction of $106,349,012.00. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 17,072,869 shares of company stock worth $1,983,274,420. Company insiders own 24.20% of the company’s stock.

Institutional Investors Weigh In On CoreWeave

A number of large investors have recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC lifted its holdings in shares of CoreWeave by 272.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock valued at $25,000 after buying an additional 251 shares during the period. Cullen Frost Bankers Inc. grew its holdings in shares of 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 acquiring an additional 121 shares during the period. Greenline Wealth Management LLC bought a new stake in shares of CoreWeave in the fourth quarter worth $28,000. Peterson Wealth Services increased its position in CoreWeave by 153.1% during the first quarter. Peterson Wealth Services now owns 405 shares of the company’s stock valued at $31,000 after acquiring an additional 245 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in CoreWeave during the first quarter valued at $31,000.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Robert W. Baird upgraded CoreWeave to strong-buy, adding to the bullish analyst momentum around the stock. CoreWeave upgraded by Robert W. Baird to strong-buy
• Positive Sentiment: Truist’s buy upgrade and related coverage helped lift CoreWeave shares, with investors focusing on the company’s AI cloud growth story and improving sentiment toward the stock. CoreWeave just scored a new buy rating. Here’s why.
• Positive Sentiment: Baird also initiated coverage on CoreWeave with an outperform view, reinforcing the case that Wall Street sees upside in the company’s AI infrastructure buildout. CoreWeave, Nebius initiated with outperform ratings at Baird
• Positive Sentiment: Analysts highlighted CoreWeave’s potential to deliver strong Q2 revenue growth as it ramps power capacity, which supports the bullish narrative around demand for its GPU cloud services. CoreWeave (CRWV) Is Chasing 108% Q2 Revenue Growth With A Big Power Ramp
• Neutral Sentiment: Barclays lowered its price target on CoreWeave and kept an equal weight rating, signaling more cautious expectations even though the new target still implies some upside from current levels. Barclays Has Lowered Expectations for CoreWeave (NASDAQ:CRWV) Stock Price
• Neutral Sentiment: Coverage also noted that CoreWeave’s CFO sold company shares, which is worth watching but does not necessarily change the company’s operating outlook by itself. CoreWeave’s CFO Sold Company Shares for $5.5 Million. What Does That Mean for Investors?
• Negative Sentiment: Some commentary continues to question whether CoreWeave can outgrow its heavy debt load and large capex needs, which remains a key risk for investors despite the growth story. Can CoreWeave (NASDAQ:CRWV) Outgrow Its Heavy Debt Burden?

CoreWeave Company Profile

CoreWeave is a U.S.-based provider of GPU-accelerated cloud infrastructure designed to support compute-intensive workloads such as artificial intelligence, machine learning, visual effects rendering and other high-performance computing applications. The company supplies access to large fleets of modern GPUs and complementary infrastructure that enable customers to train and deploy large models, run inference at scale, and process graphics-heavy workloads with low latency and high throughput.

CoreWeave’s product offering includes on-demand and dedicated GPU instances, bare-metal servers, private clusters and managed services tailored for enterprise and developer use.