CoreWeave (NASDAQ:CRWV) Stock Price Target Cut by Stifel Nicolaus

Key Points

• Stifel Nicolaus halved its CoreWeave price target from $120 to $60 and maintained a Hold rating; the new target implies 23.13% upside from the previous close.
• Analyst views remain broadly positive: MarketBeat reports a Moderate Buy consensus and an average price target of $121.58, despite differing individual ratings and targets.
• CoreWeave reported quarterly revenue of $2.58 billion, up 112.5% year over year, and a loss of $1.14 per share—narrower than analysts expected. Insiders also sold shares, with some sales described as covering tax withholding on vested awards.

CoreWeave (NASDAQ:CRWV - Get Free Report) had its target price lowered by research analysts at Stifel Nicolaus from $120.00 to $60.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a "hold" rating on the stock. Stifel Nicolaus's price target would suggest a potential upside of 23.13% from the stock's previous close.

A number of other research analysts have also recently issued reports on the stock. Roth Capital set a $145.00 price target on shares of CoreWeave in a report on Thursday, August 13th. Needham & Company LLC reissued a "hold" rating on shares of CoreWeave in a research report on Wednesday. Btg Pactual set a $125.00 target price on CoreWeave in a research note on Monday, September 21st. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $150.00 target price (up from $135.00) on shares of CoreWeave in a research note on Friday, August 7th. Finally, Barclays lifted their price target on CoreWeave from $90.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 13th. Twenty-seven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, CoreWeave presently has an average rating of "Moderate Buy" and an average price target of $121.58.

CoreWeave Stock Performance

CRWV opened at $48.73 on Wednesday. The company has a market cap of $22.36 billion, a P/E ratio of -13.35 and a beta of 7.71. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 5.53. The firm's 50-day moving average price is $74.13 and its 200-day moving average price is $89.44. CoreWeave has a 52-week low of $40.58 and a 52-week high of $138.25.

CoreWeave (NASDAQ:CRWV - Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, topping analysts' consensus estimates of ($1.52) by $0.38. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The company had revenue of $2.58 billion during the quarter. During the same quarter last year, the business earned ($0.27) earnings per share. The firm's revenue for the quarter was up 112.5% on a year-over-year basis. As a group, equities analysts anticipate that CoreWeave will post -4.99 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CRO Jonathan Jones sold 21,569 shares of the firm's stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $77.42, for a total transaction of $1,669,871.98. Following the completion of the transaction, the executive owned 5,392 shares of the company's stock, valued at $417,448.64. This trade represents a 80.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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. Also, insider Jeff Baker sold 6,670 shares of the business's stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $61.16, for a total transaction of $407,937.20. Following the transaction, the insider owned 14,170 shares of the company's stock, valued at $866,637.20. This represents a 32.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 3,727,018 shares of company stock worth $337,495,407. Company insiders own 24.20% of the company's stock.

Hedge Funds Weigh In On CoreWeave

Institutional investors have recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB boosted its stake in shares of CoreWeave by 241.1% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 307 shares of the company's stock worth $27,000 after buying an additional 217 shares during the last quarter. Essential Partners LLC purchased a new position in CoreWeave during the second quarter valued at approximately $30,000. Cassaday & Co Wealth Management LLC acquired a new position in CoreWeave in the first quarter valued at approximately $31,000. Burnham & Co LLC acquired a new position in CoreWeave in the second quarter valued at approximately $32,000. Finally, Allied Private Wealth LLC acquired a new position in CoreWeave in the second quarter valued at approximately $40,000.

Key CoreWeave News

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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