CoreWeave (NASDAQ:CRWV) Price Target Cut to $85.00 by Analysts at Barclays

Key Points

• Barclays cut its CoreWeave price target from $105 to $85 and maintained an “equal weight” rating; the new target implies about 51% upside from the prior close.
• Analyst opinions are mixed: CoreWeave has a “Moderate Buy” consensus and an average target of $117.58, with 27 Buy, 8 Hold, and 4 Sell ratings.
• Shares fell 7.3% to $56.33 during Thursday trading. CoreWeave beat quarterly revenue and earnings estimates, reporting revenue up 168.2% year over year, but remained unprofitable.

CoreWeave (NASDAQ:CRWV - Get Free Report) had its price objective reduced by research analysts at Barclays from $105.00 to $85.00 in a report issued on Thursday, Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's price objective indicates a potential upside of 50.89% from the company's previous close.

Other equities research analysts also recently issued reports about the company. Stifel Nicolaus dropped their target price on CoreWeave from $120.00 to $60.00 and set a "hold" rating on the stock in a report on Wednesday. JPMorgan Chase & Co. upgraded CoreWeave from a "neutral" rating to an "overweight" rating and raised their price target for the company from $120.00 to $125.00 in a report on Thursday, September 24th. Deutsche Bank reaffirmed a "buy" rating and issued a $150.00 price target (up from $135.00) on shares of CoreWeave in a research report on Friday, August 7th. Rothschild & Co Redburn initiated coverage on shares of CoreWeave in a research note on Monday, September 21st. They issued a "sell" rating and a $54.00 price target on the stock. Finally, BTIG Research began coverage on shares of CoreWeave in a research note on Wednesday, July 22nd. They issued a "buy" rating on the stock. Twenty-seven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $117.58.

CoreWeave Stock Down 7.3%

Shares of CRWV traded down $4.44 during mid-day trading on Thursday, reaching $56.33. The company had a trading volume of 83,759,854 shares, compared to its average volume of 33,306,414. 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 firm has a 50-day moving average price of $73.71 and a 200 day moving average price of $89.28. CoreWeave has a 52 week low of $40.58 and a 52 week high of $138.25. The company has a market capitalization of $25.85 billion, a price-to-earnings ratio of -12.05 and a beta of 7.71.

CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its quarterly earnings results on Tuesday, November 10th. The company reported ($0.95) earnings per share for the quarter, topping the consensus estimate of ($1.45) by $0.50. CoreWeave had a negative return on equity of 59.42% and a negative net margin of 25.56%. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter in the prior year, the business posted ($0.22) EPS. The firm's quarterly revenue was up 168.2% compared to the same quarter last year. On average, sell-side analysts forecast that CoreWeave will post -4.99 EPS for the current year.

Insiders Place Their Bets

In other CoreWeave news, major shareholder Magnetar Financial Llc sold 307,131 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $108.75, for a total transaction of $33,400,496.25. Following the sale, the insider directly owned 220,810 shares in the company, valued at approximately $24,013,087.50. This trade represents a 58.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael N. Intrator sold 200,000 shares of CoreWeave stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $95.72, for a total value of $19,144,000.00. Following the completion of the sale, the chief executive officer directly owned 1,676,815 shares of the company's stock, valued at approximately $160,504,731.80. The trade was a 10.66% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 3,727,018 shares of company stock valued at $337,495,407. Insiders own 24.20% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Alyeska Investment Group L.P. lifted its stake in shares of CoreWeave by 55.7% in the 2nd quarter. Alyeska Investment Group L.P. now owns 10,891,267 shares of the company's stock worth $1,084,117,000 after purchasing an additional 3,897,741 shares during the period. State Street Corp increased its stake in shares of CoreWeave by 9.6% in the 3rd quarter. State Street Corp now owns 7,739,510 shares of the company's stock worth $674,266,000 after purchasing an additional 680,664 shares in the last quarter. Bank of America Corp DE increased its stake 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 purchasing an additional 653,398 shares in the last quarter. First Trust Advisors LP raised its holdings in CoreWeave by 27.2% in the 3rd quarter. First Trust Advisors LP now owns 3,470,404 shares of the company's stock worth $302,342,000 after purchasing an additional 741,620 shares during the period. Finally, Amundi increased its position in CoreWeave by 266.2% in the first quarter. Amundi now owns 3,284,121 shares of the company's stock worth $254,421,000 after buying an additional 2,387,337 shares in the last quarter.

CoreWeave News Roundup

Investors following CRWV have been watching these news items:

• Positive Sentiment: Potentially improved funding mix: Customer prepayments and contract-backed financing could help fund expansion, while a reported plan to seek at least $4 billion through an investment-grade loan may provide access to lower-cost capital. Loan financing report
• Neutral Sentiment: Analyst views remain mixed: Argus cut its price target to $100 but retained a Buy rating, reflecting continued optimism alongside more cautious valuation assumptions. Argus rating update
• Negative Sentiment: Sector weakness and financing risks weigh: Recent pressure on neocloud shares, including after Nebius’ quarterly results, and broader concerns about Nvidia-linked AI stocks are weighing on sentiment. CoreWeave’s capital-intensive data-center buildout and substantial debt keep investors focused on borrowing costs and cash generation, even after the company outlined funding alternatives. Neocloud stock pressure

CoreWeave Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.