CoreWeave (NASDAQ:CRWV) Given New $100.00 Price Target at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald cut its CoreWeave price target from $176 to $100 but maintained an “overweight” rating; the new target implies 105% upside from the share price cited in the report.
• Analyst views remain mixed: CoreWeave has a consensus “Moderate Buy” rating and an average price target of $121.58, while Stifel lowered its target to $60 and kept a “hold” rating.
• CoreWeave reported quarterly revenue of $2.58 billion, up 112.5% year over year, and a loss per share narrower than analysts expected. Insiders sold about 3.7 million shares worth $337.5 million over the prior 90 days.

CoreWeave (NASDAQ:CRWV - Get Free Report) had its price target cut by equities researchers at Cantor Fitzgerald from $176.00 to $100.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has an "overweight" rating on the stock. Cantor Fitzgerald's price objective points to a potential upside of 105.21% from the stock's current price.

Several other research firms have also recently issued reports on CRWV. Stifel Nicolaus decreased their target price on shares of CoreWeave from $120.00 to $60.00 and set a "hold" rating on the stock in a research report on Wednesday. BTIG Research assumed coverage on shares of CoreWeave in a research report on Wednesday, July 22nd. They set a "buy" rating for the company. Rosenblatt Securities dropped their price target on shares of CoreWeave from $250.00 to $160.00 and set a "buy" rating for the company in a research report on Monday. Btg Pactual set a $125.00 price target on shares of CoreWeave in a research note on Monday, September 21st. Finally, Truist Financial lifted their price target on shares of CoreWeave from $155.00 to $165.00 and gave the company a "buy" rating in a report on Monday, August 24th. Twenty-seven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, CoreWeave has a consensus rating of "Moderate Buy" and an average price target of $121.58.

CoreWeave Stock Down 0.5%

Shares of NASDAQ:CRWV opened at $48.73 on Wednesday. The stock's 50-day moving average price is $74.13 and its two-hundred day moving average price is $89.44. 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 12-month low of $40.58 and a 12-month high of $138.25. The firm has a market cap of $22.36 billion, a price-to-earnings ratio of -13.35 and a beta of 7.71.

CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) EPS 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 company had revenue of $2.58 billion during the quarter. During the same quarter last year, the firm earned ($0.27) EPS. The firm's quarterly revenue was up 112.5% compared to the same quarter last year. On average, research analysts forecast that CoreWeave will post -4.99 EPS for the current year.

Insider Buying and Selling at CoreWeave

In other CoreWeave news, major shareholder Magnetar Financial Llc sold 307,131 shares of CoreWeave stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $108.75, for a total transaction of $33,400,496.25. Following the transaction, the insider directly owned 220,810 shares of the company's stock, valued at $24,013,087.50. The trade was a 58.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Kristen J. Mcveety sold 156,000 shares of the business's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $81.63, for a total transaction of $12,734,280.00. Following the sale, the insider owned 123,313 shares of the company's stock, valued at approximately $10,066,040.19. This represents a 55.85% 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. Over the last ninety days, insiders have sold 3,727,018 shares of company stock worth $337,495,407. 24.20% of the stock is currently owned by corporate insiders.

Institutional Trading of CoreWeave

Several large investors have recently added to or reduced their stakes in CRWV. MassMutual Private Wealth & Trust FSB raised its position in CoreWeave by 241.1% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 307 shares of the company's stock valued at $27,000 after purchasing an additional 217 shares during the period. Essential Partners LLC acquired a new position in shares of CoreWeave during the second quarter worth about $30,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of CoreWeave in the first quarter worth about $31,000. Burnham & Co LLC purchased a new stake in shares of CoreWeave in the second quarter worth about $32,000. Finally, Allied Private Wealth LLC purchased a new stake in shares of CoreWeave in the second quarter worth about $40,000.

Trending Headlines about CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Strong results and higher guidance: CoreWeave’s revenue exceeded estimates, its quarterly loss was narrower than expected, and management raised its full-year outlook. The report helped ease concerns that AI infrastructure demand may be slowing. Reuters earnings report
• Positive Sentiment: Demand and customer funding: The company reported a backlog of about $132.5 billion and expects roughly $9 billion in customer prepayments and deposits over the next three months. These figures support demand visibility and could help fund capacity growth. Yahoo Finance outlook report
• Positive Sentiment: Analyst support: Citizens reiterated its Market Outperform rating and $180 price target, citing potential upside if growth continues. Finbold analyst report
• Neutral Sentiment: Insider sale tied to taxes: COO Sachin Jain sold 13,611 shares to cover tax withholding on vested equity awards and retained 177,224 shares; the stated reason makes the transaction less clearly bearish. Insider-trading report
• Negative Sentiment: Financing and cash-flow risks remain: The data-center buildout is capital-intensive, and CoreWeave’s debt burden and financing costs remain a concern. Continued reliance on capital markets could constrain expansion or weigh on profitability if funding becomes more expensive or difficult to obtain. Wall Street Journal financing report

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.

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